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Keyrock: Crypto’s Buyback Boom Tests the Industry’s Financial Maturity

Keyrock: Crypto’s Buyback Boom Tests the Industry’s Financial Maturity

2025-10-23

Tokenholder payouts have surged more than 400% since 2024, but Keyrock’s Amir Hajian warns that most are still funded by treasuries rather than real revenue, arguing that buybacks must evolve from hype-driven spending to disciplined, valuation-aware capital policy.

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