According to @mcuban, raising the tax on corporate share buybacks would place a greater burden on the largest public companies and wealthier investors while encouraging firms to reinvest in their businesses or pay dividends, which he frames as a way to raise funding; source: @mcuban on X, Aug 12, 2025, https://twitter.com/mcuban/status/1955393640077177095. For context, the United States already levies a 1% excise tax on net share repurchases enacted under the Inflation Reduction Act and effective for repurchases after December 31, 2022; source: U.S. Department of the Treasury and Internal Revenue Service, Stock Buyback Excise Tax guidance. The Administration subsequently proposed lifting the buyback tax to 4% in its FY2025 budget, underscoring an active policy debate around capital return methods; source: The White House, FY2025 Budget Fact Sheet. High buyback spending within the S&P 500 has been concentrated in mega-cap technology and communication services companies, with Apple, Alphabet, Meta, and Microsoft among the largest repurchasers, indicating that any higher buyback tax would most directly touch these cohorts; source: S&P Dow Jones Indices, S&P 500 Buybacks Quarterly report (2024). No direct crypto-market impact was mentioned in the source statement; source: @mcuban on X, Aug 12, 2025, https://twitter.com/mcuban/status/1955393640077177095.

According to Compounding Quality, companies with a high Return on Invested Capital (ROIC) require less reinvestment to achieve profit growth. For example, if a company targets a 10% profit increase with a 20% ROIC, it only needs to reinvest 50% of its earnings. This efficiency frees up more cash for dividends and share buybacks, which can signal financial strength to both equity and crypto investors. Crypto traders often look for such financial indicators in publicly traded blockchain firms, as higher dividend and buyback potential may affect token sentiment and market liquidity (source: Compounding Quality on Twitter, May 20, 2025).

According to Crypto Rover, BlackRock's BUIDL Fund distributed a total of $25M in dividends, with $22.8M directed towards Ethereum, highlighting Ethereum's status as a preferred choice among institutional investors.

According to BitMEX Research, $MSTR has the flexibility to avoid paying dividends ranging from 10% to 18% 'for any reason,' which suggests that Class A $MSTR shareholders may never receive dividend payments. This policy could significantly impact the investment appeal and valuation of $MSTR shares, as dividends are a key factor for many investors.