BitFuFu shares rose 8.2% in premarket trading on Monday after the Bitcoin mining company announced a $5 million share repurchase programme. The board approved the plan on June 22, 2026, authorising buybacks of Class A ordinary shares over a 24-month period starting June 24, 2026. Purchases may be made through open market transactions, privately negotiated deals, or other permitted methods, with timing and size dependent on market conditions. The company will fund the programme using existing cash and cash equivalents. Chairman and CEO Leo Lu said the initiative reflects confidence in BitFuFu's fundamentals and growth prospects while maintaining flexibility to invest in expanding global infrastructure and mining capacity.
BitFuFu Inc. Class A Ordinary SharesBitFuFu announced a $5 million share repurchase plan, signaling confidence and directly supporting share price.