MegaETH Buyback: Completed buyback of 4.75% of shares from early investors

Source: MegaETH

October 17, 2025 — MegaETH today announced it has completed a 4.75% share buyback from its seed round investors.

Unlike most crypto projects where early ownership is typically locked up by insiders pre-network launch, MegaETH has been focused on reshaping its ownership structure to align long-term interests. The company had previously conducted two community participation events, Echo Sale and Fluffle Sale, aimed at decentralizing ownership to the community and ecosystem participants. This buyback further advances this vision.

MegaETH co-founder Shuyao Kong stated: "From day one, we have prioritized ownership alignment and long-term stewardship over transient capital. While we deeply respect our investors and appreciate their support throughout MegaETH's growth, we are thrilled today to give back the joy to our investors. The message we want to convey to the market is that when the opportunity arises, we would rather buy back shares from the market than let these shares trade privately, as private trading in the long term can impact the token's secondary market performance. More importantly, we will introduce a new form of incentive for long-term Token Holders, demonstrating our commitment, which will be announced at a later date."

In the crypto space, most buyback activities typically occur post-token generation event and are often conducted through treasury funds purchasing on the open market. MegaETH's approach is unconventional as its buyback took place before the project launch, a deliberate move showcasing the team's long-term commitment to MegaETH.

By continuously optimizing ownership pre-Token issuance, MegaETH demonstrates a responsible new model for network construction, requiring significant courage.

Key Points

MegaETH bought back 4.75% of its equity.

No VC secondaries permitted. The company's policy prohibits institutional investors from conducting secondary market transfers.

Alignment over churn. Emphasis on long-term value rather than frequent turnover. This transaction concentrates ownership among long-term operators and the community, not short-term financial investors.

Transaction terms undisclosed. The transaction has been approved by key stakeholders, including notable investment firms Dragonfly and Echo, and strictly adheres to relevant laws, regulations, and governance procedures.