Woofun AI reports that Canton Strategic, a Nasdaq-listed entity managing Canton Coin reserves, has secured board approval for a $50 million stock buyback initiative. The repurchase program will be executed through open market transactions or other compliant mechanisms in strict adherence to U.S. securities regulations.

The company retains full discretion over the timing, scale, and specific methods of execution, allowing for adjustments or termination based on prevailing market conditions, stock price performance, trading volume, and the regulatory landscape. Canton Strategic explicitly states that it does not commit to a minimum or fixed buyback quantity under this program.