VeChain foundation’s financial report for Q2 2022 shows that it holds $535 million worth of crypto reserves.
The company’s crypto valuation for Q2 2022 is 44 percent less than that of Q1 2022.
On Friday, Top enterprise blockchain, VeChain, released its Q2 2022 financial report as part of its dedication to transparency regarding the running of its business. One of the highlights is that VeChain owns $535 million worth of stablecoin, VET, BTC, and ETH reserves.
VeChain asserted that it remains a leader in enterprise adoption in the public blockchain space despite considerable headwinds affecting the global economy this year. It further revealed that it had maintained a healthy balance sheet with sufficient crypto asset reserves, which will be enough to sustain the growth and upgrade of the VeChain Thor in the coming years.
The #VeChain Foundation's Q2 2022 Financial Report is now available over at: https://t.co/MhF3iNVJqE
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