$BIT Purchase Updates: BIP-18

BitDAO
BitDAO
Published in
2 min readJan 16, 2023

$BIT Purchase Updates (January 6–January 12, 2023)

According to BIP-18, $14,000,000 worth of $BIT has been purchased from Jan 6, 2023 to Jan 12, 2023.

  • 4,770,516.87 $BIT was purchased on Jan 6; average purchase price was $0.41910081
  • 4,820,986.80 $BIT was purchased on Jan 7; average purchase price was $0.41533621
  • 4,841,434.27 $BIT was purchased on Jan 8; average purchase price was $0.41364007
  • 4,412,173.49 $BIT was purchased on Jan 9; average purchase price was $0.4538877
  • 4,407,162.06 $BIT was purchased on Jan 10; average purchase price was $0.4520579
  • 4,459,597.27 $BIT was purchased on Jan 11; average purchase price was $0.4482108
  • 4,383,976.48 $BIT was purchased on Jan 12; average purchase price was $0.4560122

Source of the fund is from BitDAO treasury; 100,000,000 USDT has been transferred from BitDAO treasury to fund the purchase program from Jan 1, 2023 to Feb 19, 2023

Purchase is executed through TWAP trades (around $695 worth of BIT purchase every 30 seconds) by a bot on Bybit

You can track $BIT purchases at bitpurchasedata.bitdao.io

$BIT Purchase Updates (January 1–January 5, 2023)

According to BIP-18, $10,000,000 worth of $BIT has been purchased from Jan 1, 2023 to Jan 5, 2023.

  • 5,909,368.26 $BIT was purchased on Jan 1; average purchase price was $0.33756766
  • 5,557,031.63 $BIT was purchased on Jan 2; average purchase price was $0.359058
  • 5,250,153.94 $BIT was purchased on Jan 3; average purchase price was $0.38000551
  • 5,014,973.01 $BIT was purchased on Jan 4; average purchase price was $0.39739476
  • 4,843,623.96 $BIT was purchased on Jan 5; average purchase price was $0.41236970

Source of the fund is from BitDAO treasury; 100,000,000 USDT has been transferred from BitDAO treasury to fund the purchase program from Jan 1, 2023 to Feb 19, 2023

Purchase is executed through TWAP trades (around $695 worth of BIT purchase every 30 seconds) by a bot on Bybit.

You can track $BIT purchases at bitpurchasedata.bitdao.io

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BitDAO
BitDAO
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