NEAR Foundation Second Quarter Transparency Report: Total Treasury of $900 Million
The NEAR Foundation released its Second Quarter 2023 Transparency Report and at the end of the second quarter of 2023, the NEAR Foundation's treasury totaled $900 million, including $349 million in legal reserves, 315 million NEARs ($435 million at the closing price of $1.38) and $90 million in loans and investments.
The NEAR Foundation's treasury declined by $200 million in the second quarter of 2023, primarily due to a decline in the NE AR price from $1.99 to $1.38.
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