Covalent Launches Strategic Reserve with Major CXT Buybacks

The post Covalent Launches Strategic Reserve with Major CXT Buybacks appeared first on Coinpedia Fintech News

Covalent has unveiled the Covalent Strategic Reserve, a long-term fund powered by both onchain and offchain revenue, including regular CXT token buybacks. The reserve plans to accumulate around 10% of the total CXT supply and will require community governance for any spending. In 2025, Covalent repurchased over 17 million CXT through revenue-backed buybacks and removed another 9.05 million via daily onchain automation, reinforcing its commitment to sustainable token economics.