UPDATE: MANTRA has just announced a groundbreaking commitment of $25,000,000 for the first phase of its strategic buyback of OM tokens. This significant move, backed by key investors, aims to enhance institutional confidence in the OM token and MANTRA’s ecosystem of real-world assets (RWAs).
In a pivotal step reported from ZUG, Switzerland, on August 28, 2025, the buyback program is set to unfold transparently over several months. This announcement comes immediately after Inveniam’s recent investment of $20,000,000, bringing the total funding commitment to an impressive $45,000,000. This financial backing underscores the unwavering belief of institutional partners in MANTRA’s vision and the long-term value of the OM token.
CEO and Founder John Patrick Mullin emphasized that this buyback is not just a financial maneuver; it signifies robust support from existing partners and stakeholders. “Through the repurchasing of OM on the open market, we reinforce our belief in the long-term utility of the token,” Mullin stated. He previously indicated that a strategic buyback was in the pipeline, and today’s announcement confirms the execution of that plan.
Starting from August 27, 2025, the buyback will involve recurrent purchases at or near current market prices. Independent trading firms will place these buy orders across publicly traded centralized exchange venues. As each tranche is completed, all repurchased OM tokens will be withdrawn from exchanges and migrated to MANTRA Chain’s mainnet, where they will be staked with MANTRA’s validator set.
This buyback program is pivotal, as it could lead to the repurchase of approximately 110 million OM tokens, representing about 10% of the circulating supply. This move is expected to not only support the token’s market price but also reward token holders with increased value.
As this strategic buyback progresses, MANTRA will provide periodic updates via its official X account. The wallets storing the repurchased and staked OM will be made available on the OM token dashboard, ensuring complete transparency throughout the process.
With this significant financial commitment, MANTRA is taking a bold step to solidify its position in the fast-growing RWA sector. The implications of this buyback could resonate throughout the blockchain community, making it a crucial development for investors and stakeholders alike.
Stay tuned for further updates as MANTRA executes this ambitious buyback plan and continues to strengthen its commitment to innovation in the blockchain space.
