MANTRA has initiated a $25 million OM token buyback program, the first major deployment under its $45 million commitments. The move follows a $20 million investment from Inveniam and signals strong confidence from partners, according to CEO John Patrick Mullin. The buyback, executed by MANTRA AG, will purchase OM across multiple centralized exchanges, with trading firms managing recurring market-level orders.
At current prices, the initiative covers roughly 110 million tokens—nearly 10% of OM’s circulating supply. All repurchased tokens will migrate to MANTRA’s mainnet and be staked with its validator set, potentially reducing liquidity and boosting price momentum.
The program comes as OM transitions from Ethereum’s ERC-20 standard to its own blockchain, with 30% already migrated. Mullin has urged holders to complete the migration before January 15, 2026, calling it a “doomsday” date for ERC-20 OM. Analysts see the buyback as a pivotal step in strengthening MANTRA’s role in the growing RWA sector.
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