AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
MANTRA has initiated a strategic token buyback program with an initial funding commitment of $25 million, supported by key investors and stakeholders, marking the first phase of its broader buyback initiative. This action follows a recent $20 million investment from Inveniam, which brings total institutional commitments to $45 million, signaling strong confidence in the OM token and MANTRA’s real-world asset (RWA) ecosystem. The buyback is expected to be carried out transparently over several months through well-regarded trading firms on publicly listed centralized exchanges. Once acquired, the OM tokens will be removed from exchanges as ERC20 tokens, transferred to MANTRA Chain mainnet, and staked with MANTRA’s validator set. MANTRA AG, a subsidiary of the MANTRA Chain Association, will oversee the execution of the buyback, with periodic updates on progress shared via MANTRA’s X account. Wallet addresses associated with the staked OM tokens will be published on the OM token dashboard to ensure transparency. At current market prices, the buyback is projected to acquire approximately 110 million OM tokens, representing roughly 10% of the token’s circulating supply. The CEO and Founder of MANTRA, John Patrick Mullin, emphasized the significance of the initiative, describing it as a pivotal moment that reflects the confidence of partners and stakeholders in the project’s long-term utility and value. This move comes as MANTRA continues to rebuild credibility after a significant market downturn earlier this year. The company has also outlined future plans to sunset the ERC-20 version of OM tokens and transition to its new EVM-compatible network by January 16, 2026. Additionally, MANTRA is set to launch a yield-bearing stablecoin to enhance liquidity and support network growth. The project is targeting the RWA tokenization space, aiming to attract institutional participants and position itself as a compliant blockchain infrastructure for traditional financial assets. Despite the recent market challenges, MANTRA remains focused on expanding its ecosystem and reinforcing the utility of the OM token through strategic initiatives. The buyback, combined with institutional backing, highlights the project’s efforts to stabilize and regain momentum in a competitive RWA market. Source: [1] MANTRA Announces Additional $25,000,000 Minimum Funding Commitment for First of Strategic OM Token Buybacks (https://mantrachain.io/resources/announcements/strategic-om-token-buyback) [2] MANTRA Announces Additional $25,000,000 Minimum Funding Commitment for First of Strategic OM Token Buybacks (https://www.prnewswire.com/news-releases/mantra-announces-additional-25-000-000-minimum-funding-commitment-for-first-of-strategic-om-token-buybacks-302540250.html) [3] Mantra (OM) Crypto $25M Buyback: Why It Still Can't Save It (https://99bitcoins.com/news/presales/mantra-om-crypto-25m-buyback-why-it-still-cant-save-them/) [4] Mantra announced an OM token buyback, along with other plans (https://www.mitrade.com/insights/news/live-news/article-3-1073870-20250828)

Quickly understand the history and background of various well-known coins

Dec.02 2025

Dec.02 2025

Dec.02 2025

Dec.02 2025

Dec.02 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet