Vechain Foundation reports a $1.2b crypto treasury in Q1 2022

During the first quarter, VeChain had its focus on the European market according to the latest financial report.
The total stablecoins for the blockchain in Q1 2022 was 86,967,094 compared to 92,592,070 reported in Q1 2021.

According to a quarterly financial report released on May 10, VeChain (VET) has a crypto treasury of $1.2 billion. However, the company only spent $ 4.1 million during the first quarter of the year 2022. The figures are impressive, but they represent a treasury decline from $1.37 billion at the beginning of the year. The treasury mainly comprises assets in the form of stablecoins, Bitcoin (BTC), Ether (ETH), and VeChain (VET). 
The company noted in the report;
At the start of the quarter, the opening balance was $1,373,691,155, however, the balance has since decreased to $1,215,793,249 due to crypto market fluctuations and other VeChain Foundation outgoings,
It is worth noting that during the 3 months starting from January 1 to March 31, the prices of Bitcoin, E

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