According to BIP-9, BitDAO purchased $21 million worth of $BIT in June 2022 at an average price of about $0.48. The purchased $BIT will be deposited into BitDAO's treasury by July 15th. In addition, from July 1st to 4th, BitDAO purchased $6 million worth of $BIT.
Previously, BitDAO's proposal to purchase back $BIT from the secondary market and donate it to the BitDAO treasury was approved, with effect from June 1st. The purchase amount will initially be set at $700,000 per day (about $21 million per month).
Source Bybit
DAO
Governance
DeFi
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