HashKey stock jumps 10% after HK$100M share buyback approval

HashKey Holdings Limited approved a share repurchase plan of up to HK$100 million as its Hong Kong-listed stock rebounded after recent pressure.

HashKey clears HK$100M buyback plan

HashKey Holdings Limited, listed under stock code 3887, said its board approved an on-market share repurchase plan after the mandate passed at its annual general meeting on June 11, 2026. The company plans to use up to HK$100 million of its own funds for the buyback.

The company said the funds will not include proceeds from its global offering. The repurchase period will run from the approval date until the end of the next annual general meeting.

HashKey said the buyback will follow Hong Kong Stock Exchange listing rules, the Takeovers Code, share buyback rules, Cayman Islands company law, and other rules that apply to the company. The board will decide the timing, size, and price of any repurchases based on market conditions.

The company also warned that the plan does not guarantee that shares will be bought back. It said the board will keep discretion over whether to carry out any repurchases.

Shares rebound after recent pressure

HashKey shares rose 10.51% to HK$3.05 in the latest trading data. The stock had recently traded near its 52-week low, adding attention to the company’s decision to approve a repurchase plan.

The stock’s latest move followed a weak period for the shares. Recent market data showed HashKey had declined sharply year-to-date before the rebound, while the stock also fell over the past week.

The buyback comes as the company tries to show confidence in its listed shares. “We believe that the current value of the Company’s shares does not fully reflect the Group’s strategic positioning and growth potential in the Web3 digital financial infrastructure space,” said Chairman and Chief Executive Officer Dr. Xiao Feng.

The company said it will fund the buyback from internal resources. That detail is important because it separates the repurchase plan from proceeds raised through the global offering.

Web3 expansion adds context

HashKey is one of Asia’s listed digital asset companies. Its business covers digital asset trading, technology services, investment management, on-chain services, and financial infrastructure.

As previously reported by crypto.news, HashKey launched its Hong Kong IPO with a targeted raise of up to $215 million. The company’s listing came as Hong Kong continued to expand its regulated digital asset market.

HashKey has also remained active after listing. Its asset management arm led a $40 million investment in SignalPlus, a crypto derivatives trading platform, with HashKey Group contributing $20 million in cash.

The group also signed a memorandum of understanding with Oceanus Group to develop stablecoin settlement infrastructure for global trade finance. The partnership targets digital settlement tools for cross-border commerce and trade finance.

Buyback follows Hong Kong crypto push

HashKey’s buyback comes during a wider shift in Hong Kong’s digital asset market. Local regulators have continued to expand rules for licensed crypto platforms, tokenized assets, and stablecoin activity.

As previously reported by crypto.news, Hong Kong has moved to widen crypto licensing and stablecoin rules as part of its 2026-27 financial policy agenda. The city has also supported work around tokenized bonds and regulated digital asset infrastructure.

For HashKey, the buyback places focus on both share performance and capital use. The company must now decide whether market conditions support actual repurchases under the approved mandate.

The plan gives the board room to act while keeping control over timing and price. Investors will watch whether HashKey uses the mandate, and how the stock reacts after its latest rebound.