Helium to Introduce HNT Buyback Mechanism and Explore Digital Asset Treasury Business

On October 21st, the Decentralized Telecommunications Infrastructure Project Helium announced that its team is currently burning the daily revenue from Helium Mobile to offset network emissions. In the future, they will repurchase HNT from the market to match the daily burn instead of using the team's treasury and plan to execute this through an automated process. This mechanism does not affect ongoing temporary purchase activities on CEX, AMM, through market makers, and direct OTC. Additionally, in the past month, Helium has been exploring the launch of a digital asset treasury business. This business will acquire HNT on the public market and through OTC and increase the value of each HNT through network-aligned yield-generating activities.