If the treasury is seemingly going to be holding 300M+ of uncirculated supply after MIP-14 passes, then there is absolutely no need for it to accumulate more $MNDE.
Buying it isn’t technically “reducing supply”. Its most shuffling circulated into another wallet w some oversight in it being put back into the market.
The idea of the buybacks was to fund operations & it’s pretty obvious that the whales want to ensure 300M of back up cushion remains in place.
So now we need to use the buybacks as a means to further reduce the actual circulating supply in a more controlled way instead of incineration of 40-50% right from the start.