NEAR Foundation releases Q2 report: total treasury amount is $900 million, external financing remains a "challenge."

ChainCatcher news, the NEAR Foundation released the Q2 2023 transparency report. As of the end of Q2 2023, the total treasury of the NEAR Foundation amounted to $900 million, which includes $349 million in legal reserves, 315 million NEAR (approximately $435 million at a closing price of $1.38), and $90 million in loans and investments. In Q2 2023, the NEAR Foundation's treasury decreased by $200 million, primarily due to the drop in NEAR's price from $1.99 to $1.38.

Additionally, the report mentioned that as of the end of Q2, NEAR had 1.1 million monthly active accounts; due to the overall market downturn, external financing for NEAR projects "remains a challenge." (source link)