Grvt announced that the Foundation’s token issuer bought and burned 1.1 million GRVT tokens, close to 1% of the circulating supply at the time of purchase. The issuer intends to make further monthly buybacks, but each is discretionary, with no guaranteed schedule or purchase amount.
Grvt described the buyback as the first of five milestones before its planned Grvt 2.0 launch at the end of November 2026. Other planned products include Grvt Earn, scheduled for the end of October with target yields of up to 11% that are not guaranteed, and a November feature that would let eligible balances support trading positions while earning yield, subject to product terms and risk limits.
