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Just saw that Helium is stopping the buybacks of HNT. The founder says that market interest simply isn't there and that the funds should be better invested in the company's growth.
It's somewhat understandable when you look at Helium's price and the market reaction to the previous buybacks. In October, there was at least $3.4 million in revenue, but it still doesn't seem to make a difference.
It seems to me like a pragmatic decision – better to invest the money wisely than to put it into buybacks that no one really cares about. Let's see if this helps Helium's price in the long run or if investors see it differently 🤔