Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Aethir's "financial maneuvering": after raising 4.35 billion, they plan to spend 45 million to buy their own coin.

robot
Abstract generation in progress

This wave has something to offer. Aethir co-founder announces that its asset reserve institution Predictive Oncology has officially logged in to NASDAQ (NASDAQ: POAI), and in the next 45 days, it plans to repurchase $45 million worth of ATH Tokens from the Secondary Market.

The background is as follows: POAI has just completed a PIPE financing of $343.5 million, and is now directly using this money to support the treasury strategy of ATH. In simple terms - the USD raised is directly exchanged for its own coin, forming a positive cycle.

Data Comparison:

  • Current ATH Price: $0.0162 (-15.22%)
  • 45 million USD buyback, at the current price it can absorb a lot of chips
  • This operation is equivalent to providing “mechanical support” to ATH.

How to understand: This is a typical tactic of listed companies to support their stock prices - the institutional funds raised are directly used for market intervention, stabilizing the coin price while achieving diversification of asset reserves. This is similar to the logic of Microstrategy hoarding BTC like crazy last year.

However, the risk points must be clearly understood: the ATH has already seen a significant decline this year, and whether the buyback can reverse market sentiment will depend on the subsequent ecological development. Simply relying on financial operations cannot sustain for too long.

ATH-12.98%
BTC-7.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)