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an update on HNT buybacks: the market doesn’t seem to care about projects buying their tokens back off the market, so we are going to stop wasting our money under the current conditions Helium + Mobile generated $3.4M in October alone and I’d rather we use that money to grow the business than pour it into a hole. we’re fully focused on growing @helium_mobile subscribers, the @helium network installed base, and growing carrier offload usage and will be directing all our $ in to those endeavors until morale improves data credits will continue to be burned for all carrier offload as always. thank you for your attention to this matter!

@BloodReaver Helpful context. I wonder how many of those were doing offchain rev driven buyback and burns. We will continue to burn the token, as always, to use the network. And we’ll focus on growing the network usage. More subscribers for Helium Mobile. More sites for global offload.

an update on HNT buybacks: the market doesn’t seem to care about projects buying their tokens back off the market, so we are going to stop wasting our money under the current conditions Helium + Mobile generated $3.4M in October alone and I’d rather we use that money to grow the business than pour it into a hole. we’re fully focused on growing @helium_mobile subscribers, the @helium network installed base, and growing carrier offload usage and will be directing all our $ in to those endeavors until morale improves data credits will continue to be burned for all carrier offload as always. thank you for your attention to this matter!

an update on HNT buybacks: the market doesn’t seem to care about projects buying their tokens back off the market, so we are going to stop wasting our money under the current conditions Helium + Mobile generated $3.4M in October alone and I’d rather we use that money to grow the business than pour it into a hole. we’re fully focused on growing @helium_mobile subscribers, the @helium network installed base, and growing carrier offload usage and will be directing all our $ in to those endeavors until morale improves data credits will continue to be burned for all carrier offload as always. thank you for your attention to this matter!

@sardine_trader_ @KyleSamani @DePINConnection i don't think we've reached the final form of what happens next. buy and accumulate is a much better idea, but i'm still not sure it's the best structure

an update on HNT buybacks: the market doesn’t seem to care about projects buying their tokens back off the market, so we are going to stop wasting our money under the current conditions Helium + Mobile generated $3.4M in October alone and I’d rather we use that money to grow the business than pour it into a hole. we’re fully focused on growing @helium_mobile subscribers, the @helium network installed base, and growing carrier offload usage and will be directing all our $ in to those endeavors until morale improves data credits will continue to be burned for all carrier offload as always. thank you for your attention to this matter!

As many know, the @helium team has been burning @helium_mobile revenue on a daily basis thereby offsetting daily network emissions with supply reduction. As holders ourselves and active participants in the network, we believe in rising tide actions for token holders at this stage of HNT emissions. Starting soon, we will start buying an equivalent amount of HNT from the market, rather than using team treasury. We will execute this via a DCA triggered daily after the matching daily burn. We also intend to fully automate this since we have an automation process for daily burns. This will not impact our ability to continue ad hoc buying activity on CEXs, AMMs, through MMs, and direct OTC deals. In addition to daily buybacks, over the last month we have been exploring launching a Digital Asset Treasury business. This DAT will work to acquire HNT on both the open market and OTC, and increase HNT per share via a number of yield generating activities that are network aligned. We are highly enthusiastic about bringing Helium to new audiences, particularly public market investors with whom we believe our story about the future of wireless connectivity - not just another crypto story - will resonate deeply.