The "BIT repurchase plan" proposal is about to be approved, aiming to accumulate a repurchase of 100 million USD BIT over 50 days

ChainCatcher news, the voting on BitDAO's BIP-18 "BIT Buyback Plan" proposal will end on December 31, with the current voting approval rate at 100%. The proposal suggests setting a target daily purchase amount of $2 million USDT starting from January 1, 2023, for a duration of 50 days (totaling $100 million USDT).

After purchasing BIT, the BitDAO treasury will still hold $300 million USDT/USDC and 270,000 ETH (approximately $345 million), which should be sufficient to cover BIT product development for over 5 years. (Source link)