TechFlow reports that gaming guild Merit Circle has released its first financial report for 2024, with the DAO treasury increasing from $94,845,219 in September to $118,132,538 by the end of December 2023, a quarterly growth of 25.71%.
In Q4 2023, Merit Circle purchased a total of 514,216,432 BEAM tokens, valued at $3,274,377. All BEAM tokens acquired during the quarter have since been burned.
M merit Circle noted that the most significant DAO event this quarter was the launch of the BEAM network and the subsequent token migration from MC to BEAM. Although the rise in BEAM token price does not directly impact the DAO's financial balance, it indirectly benefits the DAO as it still holds a substantial amount of BEAM. First, because BEAM tokens remain available for use by the treasury, their rising value provides greater resources and enhances the DAO’s reputation and legitimacy.
