Chainlink Reserve Acquires Approximately 428,000 LINK in October

TechFlow: On October 31, according to official Chainlink disclosures, the Chainlink Reserve increased its holdings by 427,577 LINK tokens in October, at a cost exceeding $5.3 million.

As of this update, the Chainlink Reserve's total LINK holdings stand at 6,475,076.

According to prior official descriptions, the Chainlink Reserve is an on-chain reserve designed to accumulate LINK. Funding originates from revenue generated by enterprise clients and on-chain services using Chainlink, which is converted into LINK and deposited into the reserve.