The Yield Guild Games (YGG) decentralized gaming guild has announced a strategic treasury action involving the buyback of its native token.
A total of 135 ETH, generated as profits from its LOL Land gaming operations, will be transferred from the game’s dedicated wallet to a trading wallet. The value of the transaction is estimated at approximately $518,000 based on current market prices.
The move is a deliberate execution of YGG’s established financial policy, designed to enhance the liquidity and long-term sustainability of its treasury assets. It reflects a maturation of operational practices within the crypto gaming guild sector.
This planned buyback signals YGG’s commitment to reinvesting operational profits directly back into the guild’s core ecosystem. The action is expected to contribute positively to token price stability and bolster confidence among token holders regarding the guild’s future prospects.
Ultimately, the buyback forms part of YGG’s broader strategy aimed at solidifying its market position by actively managing its digital asset treasury for sustained growth.