BitFuFu (FUFU) Authorizes $5 Million Share Buyback Program

BitFuFu (NASDAQ: FUFU) announced a share repurchase program, authorizing the company to buy back up to $5 million of its outstanding American Depositary Shares (ADSs). The program became effective June 21, 2026, with the stated aim of enhancing shareholder value. The buyback initiative, approved by BitFuFu's board, is set to run for 12 months. Repurchases may occur through open market transactions, privately negotiated deals, or other legally permissible methods, in compliance with U.S. Securities and Exchange Commission regulations. The company indicated that management believes the current stock price does not accurately reflect BitFuFu's intrinsic value. Funding for the program will be sourced from existing cash reserves and future cash flow.