Silvia sells 124 BTC, buys back about 14.5% of shares
- —Silvia sold 124 BTC and held about 5,130 BTC as of Sept. 22
- —Buybacks since Sept. 15 added ~2.3%, totaling ~14.5% of the plan
- —Repurchases will continue while the share price is below NAV
- —NAV per share is $4.27 on 82.881 million shares outstanding
Why it matters: Selling BTC to fund buybacks shows how crypto treasury companies manage discounts to NAV.
Source: PANews