BitDAO's Proposal to Purchase $BIT from Secondary Market Approved and Will Launch on June 1

BitDAO's proposal to purchase BIT from the secondary market has been approved and will be launched on June 1. The BitDAO community previously released a proposal to use a portion of the Bybit monthly contribution to purchase $BIT in the secondary market and contribute them to the BitDAO treasury. The purchase amount would initially be set at $700,000 per day (approximately $21 million per month), which could be adjusted by BitDAO vote. The proposal also indicates that the burn of $BIT from the BitDAO treasury may be initiated in the future.