Chainlink Reserve Tops $70 Million After $1.1 Million LINK Purchase

The Chainlink Reserve has surpassed $70 million in value after purchasing an additional $1.1 million worth of LINK tokens, bringing its total reported treasury value to approximately $70.5 million.

This latest acquisition is part of a continued accumulation pattern, with the reserve adding to its holdings without selling any tokens since August last year, according to BSCN.

The Chainlink Reserve's purpose is to hold LINK as part of Chainlink's broader treasury infrastructure, and this latest purchase represents another addition to the reserve's existing holdings rather than a new initiative.