Jan. 6 at 2:03 PM
$GAME The buyback amount for January is
$248,319, but for December it was
$563,801… did they have significantly less yield this time or are they holding cash/compounding ETH? Not sure we’ll know until April’s earnings call. If that IS 100% of the yield, it comes out to 6% annualized, which is still higher than market, but also not hitting their target unless they specify that this repurchase was funded only by the NFT yield. Switching the language from ETH yield to DAT in this PR makes it seem like the NFTs were involved this time. I would think that this share repurchase would be the most aggressive given that the stock was at ATL.
Best case scenario is that they’re compounding ETH and getting ready to sell NFTs to utilize the remaining
$3M, then announce a new
$50M buyback program.
