Phoenix Digital Assets Plc Share Price (PNIX.PL)

Exactly, either way this has much higher to go now and the buyback will just fuel the price even higher

I make that around 5.3p per share

Sorry seen it on the website.

“Share Buy Back in 2024 at NAV

The Company has announced that it will purchase up to 857M of its ordinary shares in a tender offer at an amount equal to the net asset value of the Company per share.”

So the price will be the proceeds less tax liability for 85% of your shares!?!

Is the intension to sell all the crypto and do the buyback using the proceeds less the tax liability which would leave a cash shell with no assets or is it a partial buy back leaving some cash for future investment?

“The size of this taxation liability will depend on the size of the buy back which has not yet been determined. However, the Company can advise that it anticipates the taxation impact to be in the range of 0.7p to 1.1p per share.“

Noisy - Agree

Ethereum have got catalysts coming up as the big banks push for ETF's,

Solana's got a system where the more adopters, the more coin buyback and burn's they do.

Either way there is a clear strategy to exit now from the company and they are clearly waiting for the next spike to capitalise for the shareholders.

The Crypto market looks like it is consolidating nicely from that initial rise this year and I feel like its gearing up for another push into ATH's. Which could result in a NAV here of 10p+ quite easily. IMO.