Chainlink LINK Strategic Reserve Expands with 43,937 Token Acquisition
Chainlink's on-chain strategic reserve has increased by 43,937.57 LINK tokens, bringing total holdings to 237,014 tokens. Launched in early August, the reserve now holds over $5.3 million worth of LINK at an average acquisition price of $22.19 per token.
The oracle platform funds its reserve through both off-chain and on-chain revenue streams, including payments from decentralized finance (DeFi) protocols. LINK's price demonstrated strong momentum in August, surging from $16 to $27 before experiencing a retracement amid broader market profit-taking activity.