Spark Says It Bought Back More Than 200 Million SPK for 4 Million USDS

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 reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost