OLB Group (OLB) Announces 1M Share Buyback

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OLB Group Authorizes Share Repurchase Program

July 13, 2022 7:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- The OLB Group, Inc., (NASDAQ: OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that its Board of Directors has authorized a share repurchase program of up to 1,000,000 million shares of its outstanding shares of common stock.

Ronny Yakov, CEO of OLB Group, said, Our Board of Directors has authorized this stock buyback to exercise our financial flexibility to buy our common stock from time to time as market conditions warrant. With no outstanding corporate debt and a, historically low, market valuation of 0.4 times... More