Chainlink Boosts Reserve with $1.13M LINK Buyback

Chainlink has strengthened its reserve position by purchasing $1.13 million worth of its native LINK token, accumulating 139,956.08 tokens at an average price of $11.19 per LINK.

The buyback was executed through multiple swaps on the decentralized exchange COW and consolidated into a single address before being transferred to Chainlink's reserve wallet.

This move reflects Chainlink's ongoing treasury management strategy, where the network repurchases its own tokens to support token value or allocate funds for future ecosystem development.

Chainlink's reserves have increased to 5.35 million LINK, valued at roughly $43.9 million, following this transaction.