- Sign Foundation has wrapped its first buyback of SIGN coins.
- It acquired $8M via the open market and $4M through private settlements.
- SIGN has gained 11% in the past day amidst revived optimism.
Digital currencies performed well on Monday, and positive news flooded the market.
While enthusiasts anticipate an altcoin season, the Sign Foundation confirmed it has completed its first buyback of SIGN coins.
Notably, the program cost the organization $12 million, a move that signals their confidence in its future.
Meanwhile, it completed the buyback in two different transactions.
The Foundation purchased SIGN coins worth $8 million (117 million coins) from the open market.
The First $SIGN Buyback Completed
Sign Foundation has executed a $12M buyback of $SIGN tokens:
• $8M via open market purchases → 117M $SIGN acquired (report attached)
• $4M via negotiated private settlementsOur mission is to build a resilient, sustainable, and… pic.twitter.com/COU9lWedGu
— Sign (@ethsign) August 13, 2025
It acquired the remaining $4 million via negotiated private settlements.
The buyback represents a key step in strengthening SIGN’s fundamentals and bolstering community trust.
The announcement highlighted:
Our mission is to build a resilient, sustainable, and community-aligned token economy. This buyback reflects our deep conviction in the long-term fundamentals of SIGN.
The team provided proof of the transactions through snapshots.
Their Binance holdings were 86,884,219.585986 tokens, worth $5.98 million at $0.068800 market price as of August 1, 2025.
Moreover, the August 2 execution on Bitget involved 30,347,644.59860009 SIGN, valued at $2.05 million at $0.067779 average price.
The organization arranged the remaining $4 million worth of buybacks through private deals, which might have helped limit market disruptions when transacting massive volumes.
How does the Sign Foundation plan to use the tokens?
The Foundation will use the acquired assets for various activities, prioritizing three primary areas.
Firstly, it will leverage the tokens to secure collaboration with established public companies, possibly enr