According to TechFlow news, on March 4, data from K33 Research indicates that the premium rate of the $LEO token's market value relative to the market value of 75.70 thousand bitcoins has reached 41.82%, setting a recent high. Vetle Lunde, research director at K33 Research, noted that the market seems to be preparing for Bitfinex's recovery of 94 thousand bitcoins.
According to the $LEO token white paper, Bitfinex will use 80% of its bitcoins (approximately 75 thousand) to repurchase and destroy $LEO tokens within 18 months. Previous news reported that on January 15, a U.S. court ruled that the 120 thousand bitcoins seized in the 2016 Bitfinex hacker incident should be returned to Bitfinex "in kind."