Pro
Helium Mobile Discontinues Buybacks: Analysis and Investor Relations Implications
Key Insights
- Buybacks don’t make sense for most early stage high growth DePINs.
- Helium continues to burn revenue from the Carrier Offload program. The case needs to be made why this revenue should not be reinvested into growth?
- Investor relations matter. Protocols should be clear and consistent in their messaging, transparency, and alignment with investors.
No More Helium Mobile Revenue Burns
Helium Founder @amirhaleem announced on January 2 that Nova Labs would no longer buy and burn HNT tokens with 100% of Helium Mobile revenue.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Dylan is a Sr. Enterprise Research Analyst focusing on DePIN, DeFi, AI, and RWAs. He previously worked as a digital assets investment analyst at T. Rowe Price and in venture capital. Dylan is a graduate of Princeton University and co-founded the Princeton Blockchain Club.
Mentioned Assets
Outline
- Key Insights
- No More Helium Mobile Revenue Burns
- Buyback and Burns Don’t Make Sense for Most DePINs
- Why Buybacks Became Popular in Crypto
- My View is That Helium Should Prioritize Growth
- Why Not Burn Carrier Offload Revenue?
- Helium Has a Compounding Investor Relations Problem
- Closing Thoughts: Know Yourself
Mentioned Assets