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Spark has repurchased 1.84 million SPK tokens, investing approximately $36,000.
Odaily Planet Daily reports that according to Yujin Monitoring, Spark transferred 570,000 USDS to a new multi-signature wallet the day before yesterday and conducted small multiple purchases of $SPK using CoW Swap’s TWAP feature. To date, 1.84 million SPK have been repurchased, worth approximately $36,000. Spark’s buyback mechanism is as follows: a reserve of $35 million is reserved in the treasury for operations and remains untouched, while the remaining funds are used to buy back SPK at a rate of 10% per month, planned to continue for 12 months.