This report summarizes the Pythian Council’s execution of the Pyth Strategic Reserve operations during October 2026, pursuant to OP-PIP-136.
1. Assets converted and PYTH purchased
During the reporting period, the Pythian Council executed DCA swaps using USDC and SOL transferred to the Council treasury for Strategic Reserve operations.
| Asset used | Amount converted | PYTH purchased |
|---|---|---|
| USDC | 1,071,504.73 USDC | 13,823,753.19 PYTH |
| SOL | 970.00 SOL | 1,286,735.11 PYTH |
| Total | — | 15,110,488.30 PYTH |
The USDC converted included funds transferred to the Pythian Council treasury on September 30 and October 12. The October 12 transfer included USDC fees repatriated from other chains for conversion as part of the Strategic Reserve operations.
The SOL converted included funds transferred to the Pythian Council treasury on September 30 and October 12.
2. Execution prices and fees
Based on the aggregate DCA amounts, the weighted average execution prices were:
| Asset used | Weighted average execution price |
|---|---|
| USDC | 0.077512 USDC per PYTH |
| SOL | 0.000753846 SOL per PYTH |
Total DCA fees: 15,125.62 PYTH
Individual DCA transactions, execution details, and transaction-level fees are available in the accompanying spreadsheet.
3. DCA execution transactions
The following transactions represent all DCA swaps executed during October:
| Date (UTC) | Input amount | PYTH purchased | Transaction |
|---|---|---|---|
| Oct 1 | 323,428.56 USDC | 4,156,728.31 | View transaction |
| Oct 1 | 90 SOL | 138,808.53 | View transaction |
| Oct 13 | 880 SOL | 1,147,926.58 | View transaction |
| Oct 13 | 194,383.00 USDC | 2,400,625.54 | View transaction |
| Oct 15 | 553,693.17 USDC | 7,266,399.34 | View transaction |
4. Treasury balances
-
Unconverted USDC balance: 0 USDC
-
Remaining SOL balance: 1.02633 SOL, retained in the Pythian Council treasury to cover network gas fees and ongoing treasury operations. This represents the opening balance carried forward from the previous month.
5. PYTH transferred to the Pyth DAO Treasury
The total PYTH purchased during October was 15,110,488.30 PYTH.
- Transfer transaction: View transfer to Pyth DAO Treasury
6. PYTH disposition
No accumulated PYTH was sold during the reporting period.
The Pythian Council continues to act as the execution agent for the DAO-approved Strategic Reserve parameters. This report is intended to provide transparency into the execution and resulting treasury movements.