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Gm.
I checked the dashboard myself after the announcement.
@grvt_io bought 1.1 million ethereum:0xad29f2723fcdbcf665f210f25e06f97477e417cf from the market and burned it.
That was close to 1 percent of circulating supply at the time.
Not sitting in a treasury.
Actually burned.
The execution was done by an independent partner.
You can see the transaction hashes publicly.
They said they intend to keep doing more of these every month, still discretionary so no fixed amount.
The thing I keep thinking about is Yield as Margin.
Using the same balance that is targeting yield as trading margin at the same time.
Most platforms still make you pick one.
Your money is either earning or available to trade.
Not both.
Late November they are supposed to put everything into one self custodial app.
I will believe it when I can actually use it, but at least the burn already happened and can be verified.