You missed it? Yes, the 1.85M ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 purchase is already done. Now comes the part I find more revealing. 925,000 ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 goes through governance, and validators have to decide what happens next. July's allocation was retired. August's stayed in the community pool. So there isn't some automatic script deciding the fate of every token that gets bought. That's a small but important distinction. The revenue creates the tokens. The market absorbs the buy. Governance decides what happens to half of the acquired supply. Cycle three is basically a live test of how validators want that value to be handled. And by the time cycle four arrives, we'll have another data point.