B HODL, a company known for holding Bitcoin on its balance sheet, repurchased 618,000 of its own shares this week for $43,400. The move is designed to increase the company's Bitcoin per share metric, a key performance indicator for firms that treat Bitcoin as a primary treasury asset.
The buyback details
The repurchase was disclosed in a filing with regulators. At roughly $0.07 per share, the buyback is small in dollar terms but significant in share count. B HODL did not specify the exact source of funds or whether the shares were bought on the open market or through a private transaction.
Why Bitcoin per share matters
Bitcoin per share is a metric that shows how much Bitcoin each share of stock represents. By reducing the number of shares outstanding, a company can increase that ratio without buying more Bitcoin. MicroStrategy popularized the approach, and a handful of other Bitcoin-treasury firms have followed suit. For B HODL, the buyback signals a focus on shareholder value tied directly to its Bitcoin holdings.
What comes next
B HODL has not announced any additional buyback plans. The company continues to hold Bitcoin as its primary reserve asset, though it has not disclosed its total holdings in the latest filing. Investors will watch for the next quarterly report to see how the buyback affected the Bitcoin per share figure.
