Chainlink said its dedicated treasury fund, the Chainlink Reserve, purchased an additional 42,298.22 LINK tokens on 28 August, bringing the reserve’s total holdings to 193,076 LINK. At the fund’s reported average cost basis of US$21.90, the latest acquisition is valued at about US$1 million and lifts the reserve’s portfolio to roughly US$4.8 million. Chainlink added that about 90 percent of the new tokens were bought with USDC swapped for LINK on the Uniswap decentralised exchange, while the remaining 10 percent came from fees generated by users of the oracle network. The reserve programme, launched to support the long-term growth and sustainability of the Chainlink ecosystem, has been making weekly token purchases. The company did not detail the schedule or size of future inflows but reiterated that the fund’s objective is to provide ongoing liquidity and stability for the network’s oracle services.
The Chainlink Reserve now holds 193,076.00 LINK https://t.co/UkfkWqYkCk
The fourth Chainlink Reserve $LINK inflow is here 🔥 The Reserve now totals 193,076 $LINK (~$4.8M), with an average cost basis of $21.90 per $LINK 42,298 $LINK (~$1M) was acquired today, with ~90% coming from $USDC swapped into $LINK via Uniswap and ~10% from user fees already https://t.co/kPN5cFjhTr
RESERVE UPDATE Today, the Chainlink Reserve has accumulated 42,298.22 LINK. As of August 28th, the Chainlink Reserve holds a total of 193,076.00 LINK. https://t.co/oxMv5N3rFC The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink https://t.co/mMyEE8uSK3