#15 - Treasury report September 2022
#15 - Treasury report September 2022
We share a breakdown of the current Merit Circle ecosystem treasury including any outstanding investments.
This report contains a breakdown of the Merit Circle ecosystem treasury as of the 31st of August 2022 (herein referred to as the "Treasury").
With the coming of a new month, we are glad to share the latest treasury report. In this report, we provide an exact overview of Merit Circle’s current financial status. We share a breakdown of the current treasury including any outstanding investments, and other financial activities.
This treasury report is based on the status of the treasury on the 31st of August 2022.
Treasury status
In the past month the treasury decreased from $107,328,764 in July to $103,696,823 at the end of August, a 3,3% decrease from the previous month. Merit Circle realized a profit of $3,327,539$ in the month August.
Treasury overview
The treasury balance as of the 31st of August 2022 is $103,696,823
When calculating our treasury’s balance, we only include non-native assets. This means we do not count the balance of MC tokens towards the total balance of our treasury since it might paint a diluted picture of the reality.
Since MC tokens will not be utilized for investment purposes, they will not be included in our balance sheet. Those interested can view the current balance in the main wallet to be viewed in the wallet overview beneath. In that sense, we have not included the AXS & SLP balance, since both are mainly used for breeding purposes marking them as working capital instead of additional treasury funds.
We will break down the treasury in four categories; cash, staking, NFTs and tokens & equity.
Cash
Staking
NFTs
Tokens & equity
Wallet overview
To operate completely transparent, we would like to provide a full list of wallet addresses Merit Circle currently utilizes.
Ethereum
Binance smart chain
Solana
Ronin
To conclude
With the conclusion of yet another month, we’ve celebrated the one-year anniversary of Merit Circle. It’s been an absolute joy, and a moment to look back and see where we at. In a period where the market has significantly decreased, we’ve remained determined to maintain a healthy treasury all across the board.
That said, we’re more than excited for everything that’s coming up from the outstanding proposals, the products that we’re building to the games that we’ve invested in! Stay tuned as we continue for many years to come.
Notes
All of the balances and prices are based on calculations made on the 31st of August 2022.
All of the investments made after the 31st of August 2022 are not included in the treasury report unless specifically mentioned.
This report represents the Merit Circle ecosystem treasury as of end of August 2022, which includes assets held by the Merit Circle DAO, and DAO-adjacent entities, including the Merit Circle ecosystem purpose trust and Merit Circle Squared Limited held on trust for a purpose (jointly herein referred to as “DAO assets”, “DAO treasury” or similar). The assets held by DAO-adjacent entities are not controlled by the DAO or held on behalf of it. The DAO can however exert certain checks and balances on the DAO-adjacent entities and the entities have a mission and purpose that is aligned with the DAO's, including to accelerate the growth and development of the Merit Circle ecosystem. This report has been prepared based upon information from sources believed to be reliable, including market prices, data and other information from such sources, but such information has not independently been verified and this communication makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.
This report is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. You should consult your own advisers as to those matters. References to any digital assets and the use of finance-related terminology are for illustrative purposes only, and do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content is not directed at nor intended for use by the Merit Circle community or others, and may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein. There can be no assurance that the investments mentioned herein will be profitable. The digital assets referenced in this report currently face an uncertain regulatory landscape in several jurisdictions. The legal and regulatory risks inherent in referenced digital assets are not the subject of this content.
Charts and graphs provided in this report are for informational purposes only and should not be relied upon when making any decision. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others