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Crypto projects spend hundreds of millions on token buybacks, but the value question is open

9/5/2026

Crypto projects are collectively spending hundreds of millions of dollars to purchase their own tokens, a trend that has grown sharply.

Whether that capital is building real, lasting value for holders, or simply making tokens appear more valuable than the underlying projects support, is what is now in focus.

Treasury funds purchase circulating supply, removing float from the open market.

In equity markets, buybacks carry a settled interpretive weight: management shrinks the share count and signals confidence in current prices.

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