GNO Token Gains 20% as Gnosis DAO Proposes $30 Million Buyback
The price of Gnosis native token, GNO, surged 20% after Thanefield Capital announced a proposed $30 million buyback program.
Holding significant amounts of GNO, this crypto fund plans a large-scale buyback to realign the token’s market value with its intrinsic book value.
$30 Million Buyback Proposal Details
Thanefield Capital proposed that Gnosis DAO deploy $30 million from its treasury over six months. This initiative aims to boost the GNO token’s value, which the fund argues is currently undervalued. According to Thanefield, Gnosis holds $630 million in non-GNO liquid assets and $100 million in venture capital investments. In contrast, GNO’s market capitalization is approximately $424 million, based on its circulating supply of 1.53 million tokens.
Read more: A Beginner’s Guide to Decentralized Autonomous Organizations
The proposal has received preliminary support from the Gnosis community, with 12 out of 14 governance forum voters in favor. Gnosis co-founder Martin Köppelmann endorsed the proposal, emphasizing the need to link the buyback to a growth program.
“I favor this proposal if it connects to a growth program where the GNO acquired in the buyback is consequently used to attract more users,” Köppelmann commented.
If approved, the buyback program will follow a two-pronged strategy. The first approach, the Time-Weighted Average Price (TWAP) strategy, will allocate $15 million to purchase GNO tokens over six months, aiming to exert a daily buy pressure of approximately $83,333. The second approach is discretionary, allocating another $15 million to optimize purchases based on market conditions. Karpatkey, an on-chain asset management project, will manage the buyback.
Gnosis DAO’s Financial Landscape
Gnosis DAO manages various initiatives, including the Gnosis Chain and CoW Protocol. It also has a significant stake in Safe, an Ethereum multisig provider. Despite these assets and previous buyback rounds, GNO’s market value has not reflected these successes. Thanefield Capital noted that long-term GNO holders have not benefited financially from Gnosis DAO’s product developments, venture investments, and treasury management.
As of May 20, approximately 50,000 DAOs collectively hold $30 billion in assets. Gnosis ranks as the 5th largest DAO in terms of treasury size, holding over $630 million in assets, second only to Mantle in non-native marketable tokens.
Since the proposal’s announcement, Gnosis’ token price peaked at $320, a 20% increase, and is currently trading around $308. If implemented, the program could realign GNO’s market value with its intrinsic worth, benefiting long-term holders and enhancing market perception.
Trusted
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions , Privacy Policy , and Disclaimers have been updated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top Altcoins to Buy in 2025: BlockDAG, Solana, Cardano, and Avalanche Could See Strong Growth
Explore top altcoins to buy now like BlockDAG, Solana, Cardano, and Avalanche. See what makes them stand out and their potential in 2025.2. Solana’s Speed and Market Data Insights3. Cardano’s Smart Contract Strengths to Explore4. Avalanche (AVAX) Market Overview and Network CapabilitiesTop Altcoins to Buy in 2025: A Summary of Choices

SUI’s Price Jump, Polkadot’s Bullish Signals, and the 2700% ROI Potential of Unstaked’s Stage 12 AI Crypto: Just $0.008997?
Witness the SUI price prediction climb, Polkadot form bullish patterns, and Unstaked AI presale surge with 2,700% ROI potential as the top crypto pick for 2025.Polkadot Eyes Breakout from Bullish WedgeUnstaked Turns AI From a Buzzword Into a Business EngineThe Path Ahead

Next Crypto to Explode: BTFD Coin Raises $7M With 200% Bonus Still Live—Whales Are All In as $CAT and $SNEK SlideFind Out More:
$CAT and $SNEK dip, while BTFD Coin preps for liftoff—is this the next crypto to explode?BTFD Coin: The Referral Gold Rush Fuelling the Next Crypto to ExplodeSnek ($SNEK): Can This Cardano Creature Strike Back?Simon’s Cat ($CAT): Nine Lives, But Losing One Fast?Time’s Almost Up: BTFD Coin’s Presale Ends May 26

Jetcraft Now Accepts Bitcoin for Private Jet Payments
Private jet giant Jetcraft now accepts Bitcoin and crypto, signaling growing luxury adoption.Billionaires Are Buying Jets with BitcoinA Bold Shift in Luxury SpendingWhat This Means for Crypto Adoption

Trending news
MoreCrypto prices
More








