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Investing.com -- Mercurity Fintech Holding Inc ADR (NASDAQ:MFH) stock rose 2.8% after the blockchain technology company announced a share repurchase program of up to $10 million over the next 12 months.
The company said the buyback reflects its "strong belief in its long-term strategy and ongoing commitment to increasing shareholder value" as it advances its blockchain treasury platform, focusing on Solana and Bitcoin ecosystems.
Mercurity, which describes itself as an innovator in blockchain-native treasury strategies and digital asset infrastructure, stated that repurchases may occur through open market transactions, privately negotiated transactions, or other legally permissible means, depending on market conditions.
The company noted it is developing on-chain infrastructure to support programmable treasury reserves, real-time capital deployment, and decentralized liquidity strategies. Mercurity emphasized that Solana’s high-speed architecture and Bitcoin’s institutional-grade stability form the core of its multi-chain treasury roadmap.
Additionally, the firm is pursuing integrations across staking, custody, and tokenized yield mechanisms to build what it calls "a modern treasury framework for public companies ready to operate on-chain."
The repurchase program may be suspended or discontinued at any time at the company’s discretion, according to the announcement.
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