TechFlow news, according to the official website, the VeChain Foundation has released its financial report for the first quarter of 2022. The VeChain Foundation currently holds approximately $1.2 billion in crypto assets such as stablecoins, BTC, ETH, and VET, down from $1.37 billion at the beginning of the year. The report attributes most of the loss to “cryptocurrency market volatility and other expenses incurred by the VeChain Foundation.”
Additionally, according to the report, the VeChain Foundation's total expenditures in the first quarter amounted to $4.1 million.
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