Ronin: Over 3.8 million RON has been bought back to date

BlockBeats News, October 14, Ronin tweeted, "We have currently bought back over 3.8 million RON, worth approximately $1.47 million."

Previously reported, on September 21, Ronin Treasury announced that it would begin buying back RON from the open market on September 29. The Ronin Treasury holds over $4.5 million in assets, including 895 ETH and 650,000 USDC. Starting from September 29, the treasury will begin converting 100% of its ETH and USDC holdings into RON. Based on current prices, this represents approximately 1.3% of the current circulating supply.