PANews reported on August 13 that according to BounceBit, the company repurchased 8.87 million $BB tokens from the open market in the past week. According to Binance market data, BB is currently priced at US$0.1317, worth approximately US$1.1682 million.

The repurchase program will continue on an ongoing basis and will be funded by approximately $16 million of annualized agreement revenue.