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MICHAEL MOORE
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I went looking for @Bedrock 's buyback transactions today and could not find a single one.
Per Bedrock's official PoSL announcement on PRNewswire, dated March 18, 2025, the protocol states that fees fund BR buybacks, governed by veBR holders, reinforcing token value and ecosystem liquidity.
This exact framing has been repeated across multiple official summaries since.
Fifteen months have passed now.
Actually, let me be precise about what I searched for.
I looked for any on-chain buyback transaction record, treasury report, or governance proposal showing an executed buyback amount.
I found the announcement describing the mechanism. I did not find a documented instance of it happening.
Per CoinGecko data as of June 2026, BR trades at a market cap near 26 million dollars, with 24 hour volume around 6 million dollars.
If protocol revenue were funding buybacks at meaningful scale, that activity would typically show up as treasury wallet outflows or recurring buy pressure referenced in governance updates.
Neither shows up in anything I checked.
This is my own observation, not seen framed this way.
A mechanism described as core to BR value since the March 2025 announcement has, fifteen months later, no visible execution trail in anything I checked.
That does not mean it never happened.
It means I cannot verify it from what is public.
What Bedrock has not addressed is whether any buyback has occurred, and if so, which wallet executed it.
What I am watching now is simple, Bedrock's treasury wallet activity, and whether any future governance proposal references an actual buyback amount rather than just the mechanism description.
#bedrock $BR
Per Bedrock's official PoSL announcement on PRNewswire, dated March 18, 2025, the protocol states that fees fund BR buybacks, governed by veBR holders, reinforcing token value and ecosystem liquidity.
This exact framing has been repeated across multiple official summaries since.
Fifteen months have passed now.
Actually, let me be precise about what I searched for.
I looked for any on-chain buyback transaction record, treasury report, or governance proposal showing an executed buyback amount.
I found the announcement describing the mechanism. I did not find a documented instance of it happening.
Per CoinGecko data as of June 2026, BR trades at a market cap near 26 million dollars, with 24 hour volume around 6 million dollars.
If protocol revenue were funding buybacks at meaningful scale, that activity would typically show up as treasury wallet outflows or recurring buy pressure referenced in governance updates.
Neither shows up in anything I checked.
This is my own observation, not seen framed this way.
A mechanism described as core to BR value since the March 2025 announcement has, fifteen months later, no visible execution trail in anything I checked.
That does not mean it never happened.
It means I cannot verify it from what is public.
What Bedrock has not addressed is whether any buyback has occurred, and if so, which wallet executed it.
What I am watching now is simple, Bedrock's treasury wallet activity, and whether any future governance proposal references an actual buyback amount rather than just the mechanism description.
#bedrock $BR
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