CoinShares seeks approval for buyback of up to 25% of outstanding shares

European crypto asset manager CoinShares will put a proposal to a shareholder vote on Sept. 15 that would allow it to repurchase up to 25% of its outstanding shares, CryptoSlate reported. The report said the company would not be required to retire the repurchased shares immediately. Instead, CoinShares could hold them as treasury shares and reuse them for purposes including employee compensation, meaning the actual number of shares in circulation would not necessarily fall by 25%.