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Tezos Foundation has assets of $ 652 million, 61% of them are Bitcoin

The non-profit organization Tezos Foundation has published a semi-annual report that describes the results of the project since the launch of its network. The weekly update for 5 August 2019 is now available: https://t.co/6uzVpt5nTy – Tezos Foundation (@TezosFoundation) August 9, 2019 One of the most interesting sections of the report is devoted to the organization's asset structure. So, as of July 31, the Tezos Foundation […]

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The non-profit organization Tezos Foundation has published a semi-annual report that describes the results of the project since the launch of its network.

One of the most interesting sections of the report is devoted to the organization's asset structure. So, as of July 31, the Tezos Foundation has funds for $ 652.22 million, including:

  • 61% – bitcoin stored in several custodians;
  • 15% is a stabilization fund, which is a “conservative and diversified portfolio” of liquid assets in Swiss banks, including bonds, ETFs and commodities.
  • 15% – Tezos cryptocurrency (XTZ);
  • 6% are fiat currencies held in several banks in different jurisdictions (97% – US dollar, 2% – Euro and 1% – Swiss franc and British pound).

Since July last year, the organization distributed grants of $ 37.4 million among 62 projects from 23 countries.

Most of the funds – projects specializing in infrastructure solutions, research and education received $ 14.8 million.

According to CoinMarketCap , XTZ is currently trading at $ 1.39. The asset with a capitalization of $ 916 million is on the 16th line of the popular rating.

According to Messari , since the beginning of the year, the XTZ coin has grown by 200% and now its price is only 12% below its historical maximum.

Earlier, BlockchainJournal reported that Elevated Returns plans to tokenize real estate worth $ 1 billion on the Tezos blockchain platform.

We also recall that Tezos co-founder Kathleen Breitman will direct 15% of her share in the project to charity under the Founders Pledge program.

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