Keyrock: Crypto’s Buyback Boom Tests the Industry’s Financial Maturity

Tokenholder payouts person surged much than 400% since 2024, but Keyrock’s Amir Hajian warns that astir are inactive funded by treasuries alternatively than existent revenue, arguing that buybacks indispensable germinate from hype-driven spending to disciplined, valuation-aware superior policy.

Updated Oct 23, 2025, 2:31 p.m. Published Oct 23, 2025, 2:00 p.m.