C2 Blockchain to Cut Outstanding Shares by 245 Million

C2 Blockchain’s board approves retiring 245 million shares to strengthen capital discipline and shareholder alignment, supporting long-term growth in digital assets and blockchain initiatives.

Rich by Coin

2026-03-16

C2 Blockchain Inc. (OTCID:CBLO), a blockchain infrastructure and digital asset treasury company, announced that its Board of Directors has approved a plan to reduce the company’s outstanding common shares by approximately 245,000,000 shares, subject to regulatory procedures and corporate actions. The share reduction initiative reflects the company’s ongoing commitment to maintaining a disciplined capital structure and enhancing long-term value for shareholders as it continues executing on its broader digital asset strategy. The reduction is expected to occur through the retirement and cancellation of previously issued shares, which may include shares returned to the Company and subsequently retired in accordance with corporate approvals and transfer agent procedures.

“As we continue to execute on our strategy of building a leading digital asset treasury and expanding our blockchain initiatives, maintaining an efficient capital structure is a key priority for the Company,” said Levi Jacobson, Chief Executive Officer of C2 Blockchain Inc. “This planned reduction in outstanding shares reflects our commitment to strengthening shareholder alignment while positioning C2 Blockchain for sustainable long-term growth.”

The Company expects to reduce the total number of outstanding common shares materially, while the Company’s authorized share count will remain unchanged. The process will be completed in coordination with the Company’s transfer agent and in accordance with applicable corporate and regulatory procedures. C2 Blockchain expects to provide additional updates as the share reduction progresses and once the final outstanding share count has been confirmed.

C2 Blockchain Inc. (OTCID:CBLO) is a blockchain and digital asset company focused on building long-term value through strategic accumulation of digital assets and development of blockchain-related initiatives. The Company continues to expand its digital asset treasury strategy and is actively exploring opportunities across decentralized technologies, blockchain infrastructure, and emerging digital asset ecosystems.