Category Labs expands MON's public market repurchase authorization to $80 million

Category Labs today announced that it is expanding its potential public market purchase authorization limit to $80 million and extending the repurchase period until the end of 2026.

Category Labs stated that any repurchase actions will be carried out opportunistically based on market conditions and may be initiated, suspended, or terminated at the company's discretion, while strictly adhering to relevant laws and regulations. This update does not constitute a commitment to repurchase any specific number of tokens but reflects the company's intention to consider opportunistic purchases under favorable market conditions.