VeChain Foundation reports $1.2B crypto treasury… but spent just $4M in Q1

Cointelegraph

Published May 11, 2022 12:24AM ET

Updated May 11, 2022 02:00AM ET

The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter.

VeChain (VET) is a blockchain project designed to enhance supply chain management..

VeChain Foundation treasury from Q1 2022
VeChain Foundation Expenditures through Q1 2022

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