On top of the $600,000 DCA we placed earlier, we are strategically building a $GP reserve and acquiring more tokens from market.
We have just acquired $15,000 USDC worth of tokens at an average cost of $0.41/ $GP as the first contribution to the strategic reserve.
We are confident in the future direction of $GP and are going to continue to strategically deploy capital to have aligned incentives with token holders.
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There's been a lot of questions asked about how we utilize the $GP tresuary to ensure the companies long term success.
Today we're happy to announce that we have placed $1m USDC from the treasury to buy $GP at @ 0.80C.
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A total of 4366 $SOL ($881,932) has been allocated for the weekly buy backs.
Due to the volume @bonk_fun is receiving, we are going to be increasing the amount of times per week the fees are claimed.
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