DeBridge Foundation launches reserve fund to repurchase DBR tokens with all agreement income

According to The Block, the deBridge Foundation has launched a reserve fund that will use 100% of its agreement revenue to repurchase its native DBR tokens in the public market. As of July 24th, the fund has acquired 1.3% of the total supply of DBR since its launch in June, valued at nearly $3 million. The overall treasury of deBridge currently holds $30.1 million in assets, including DBR, USDC, SOL, and ETH. In addition, the fund is also exploring return strategies and has launched a public dashboard to track assets and returns in real-time.