MANTRA Chain Switzerland
27.08.2025 - 20:02:08MANTRA Announces Additional $25,000,000 Minimum Funding Commitment for First of Strategic OM Token Buybacks
From 27 August, 2025, MANTRA AG, MANTRA Chain Association's wholly owned subsidiary, will execute the buyback transparently over several months until all the proceeds have been fully deployed. Recurring buy orders at, or near, current market prices, will be placed by well regarded independent trading firms, across publicly traded centralized exchange venues. Upon completion of each tranche, all purchased OM tokens will be withdrawn from exchanges as ERC20 tokens, migrated to MANTRA Chain mainnet, and staked with MANTRA's validator set.
Periodic progress updates will be provided via MANTRA's X account, as the buybacks are executed and completed. The wallets storing the repurchased and staked OM will be published via the OM token dashboard.
"This buyback program is a pivotal moment for MANTRA. It is not merely a financial transaction but a signal of confidence from our existing partners and key stakeholders. Through the repurchasing of OM on the open market, we reinforce our belief in the long-term utility of the token, support our vision for the ecosystem and return value to token holders," John Patrick Mullin, CEO and Founder of MANTRA said.
At current prices, the total value of the repurchasing program corresponds to roughly 110 million OM. This would account for roughly 10% of OM's circulating supply.
About MANTRA
MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.
MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services.
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