1 min read
Add as a preferred source on GoogleSpark Says It Bought Back More Than 200 Million SPK for 4 Million USDS
The announcement follows third-quarter net returns above $4 million as returns linked to Spark Savings' USDT balances moved above funding costs.
Mentioned assets
Spark said Wednesday that it used 4 million USDS to buy back more than 200 million SPK, announcing the repurchase after the protocol's third-quarter net returns topped $4 million.
Returns tied to growth in Spark Savings' USDT balances moved above funding costs during the quarter. Spark's third-quarter net-return result provides recent financial context for the buyback.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.