Offchain Labs, the company behind the Arbitrum ecosystem, has announced a strategic purchase plan to acquire ARB, the native token of the Arbitrum ecosystem, for its treasury. The acquisition will be made gradually over time and the specific number of tokens to be acquired was not disclosed. The decision to increase its ARB holdings aligns with Offchain Labs' efforts to support the expansion of the ecosystem and other strategic initiatives of the Arbitrum DAO. Arbitrum is a popular layer 2 solution on Ethereum, with a total value locked of over $2.3 billion. The price of ARB has decreased over the past year and is currently trading at $0.3255.



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