VeChain Financial Report — Q4 2024

VeChain Financial Report — Q4 2024

Dear Community,

The closing quarter of 2024 marked both the culmination of a transformative year and the springboard for VeChain’s next evolution. As we share our financial performance and strategic initiatives, we reaffirm our commitment to the transparency that has guided us since our public blockchain launched in 2017.

This pivotal quarter laid the groundwork for VeChain’s significant advancements in early 2025. Substantial progress was made in implementing our VeChain Renaissance initiative — our strategic roadmap for mainstream blockchain adoption. Behind the scenes, the team finalized preparations for major milestones, including our MiCAR compliance submission and USDGLO stablecoin integration, which have now successfully launched.

With governments increasingly focused on the regulatory aspects of digital assets, the outlook for crypto markets continues to improve considerably. The approval of Bitcoin and Ethereum ETFs earlier in 2024, combined with our recent MiCAR compliance achievement, highlights an understanding and willingness to establish frameworks for these new asset classes.

In this evolving environment, VeChain’s foundation — built on real-world applications, sustainable incentive models, and regulatory foresight — positions our ecosystem to thrive as Web3 adoption accelerates across industries and borders. Alongside this strong foundation, financial resilience powers our ability to execute at scale.

Our treasury value of $454,378,261.73 at the end of Q4 2024 — a 57.8% increase from Q3 — reflects market confidence and disciplined management. This enhanced position ensures we can fully execute Renaissance innovations while maintaining the stability needed for long-term ecosystem development in an increasingly receptive global market.

As we continue into 2025, we are confident in maintaining a treasury that enables a long fiscal runway, giving us the resources and flexibility to methodically build toward our defining vision: mass adoption of blockchain technology for the betterment of business, society, and our planet.

Thank you for being an integral part of the VeChain community and supporting us while we support you.

Sincerely,

VeChain Foundation

Balance Sheet

The balance sheet shows the total value of tokens held by VeChain, denominated in US Dollar value.

Treasury balances at the end of Q4 of 2024.

At the end of Q4 2024, the VeChain Foundation’s total treasury value, including stablecoins and holdings of BTC, ETH, and VET, stood at $454,378,261.73.

This represents a substantial increase of 57.8% from the $287,927,244.01 reported at the end of Q3 2024.

Comparing Q3 with Q4, the fair price of BTC increased by 41.15%, ETH’s value increased by 26.21%, and VET’s value saw a remarkable growth of 70.23%.

This positive market trend significantly bolstered our treasury value and positions us well for the ambitious initiatives planned in 2025.

Expenses Sheet

The expenses sheet covers all spending categories and summarises the expenses incurred by the foundation through various activities, initiatives, developments, and engagements.

Treasury outgoings for Q4, 2024:

Eco BD: The $519,323 USD invested in Eco BD during Q4 2024 fuels our ecosystem growth strategy, focusing on tokenizing sustainability actions and expanding the VeBetter platform.

This funding supports innovative solutions across biodegradable materials, emission reduction, and recyclable collection — core areas where blockchain creates verifiable impact.

As applications like GreenCart and MugShot gain traction, these strategic investments strengthen VeBetterDAO governance while accelerating our vision of a decentralized better assets network where sustainable choices create tangible economic value.

Legal & Finance: In Q4, Legal and finance expenses totalled $568,146 USD, covering critical legal services, contracts, and compliance. This increased investment reflects our achievement of MiCAR compliance with the European Securities and Markets Authority (ESMA), marking a significant milestone in our commitment to regulatory compliance and transparent operations within the European Union.

PR & Marketing: The PR & Marketing expenditure of $11,730,087 USD for Q4 was allocated across major event sponsorships and essential VeBetterDAO support services. Funding covered event management — including venues, speakers, logistics, and promotional campaigns — alongside targeted sponsorship initiatives.

We enhanced VeChain’s global visibility and strengthened connections throughout our growing community network.

Tech-ops: Tech-ops expenses of $4,130,404 USD in Q4 cover a range of activities supporting our ambitious technological roadmap. This includes development work on the VeChain Renaissance initiative, which will deliver fundamental protocol upgrades in 2025, including a new consensus mechanism, modified VTHO tokenomics, and NFT Staking.

Our technical team has successfully brought the Galactica phase to Testnet, which introduces the dynamic fee market (VIP-251), typed transactions (VIP-252), EVM parity upgrades (VIP-242), and extension contract improvements (VIP-250).

The team has also made significant progress in preparing for the Hayabusa phase, set to launch in Q3 2025. This phase will implement the new tokenomics model, with a dramatic 72.2% reduction in initial VTHO inflation and the launch of the new staking system.

Eco-ops: The Q4 expenditure of $4,205,953 USD on Eco-Ops funded outsourced development tools and team salaries, including software development services and compensation for the dedicated Eco-Ops team.

The increased investment reflects our deepening partnership with Boston Consulting Group and other consulting services for ecosystem operations, including enhanced exchange support.

Powering Our Path Forward

As we conclude 2024, VeChain stands on exceptionally solid ground. Our robust Treasury growth allows us to fully implement the Renaissance roadmap, expand VeBetter applications, and capitalize on increasing industry adoption opportunities.

MiCAR compliance and stablecoin integration represent more than achievements — they are catalysts for the next growth phase. These milestones and the comprehensive protocol upgrades outlined in Renaissance create a framework for sustainable ecosystem expansion.

The transformation of VeChainThor continues in 2025, driven by the same fiscal discipline and technological innovation that have defined our journey since inception. With your continued support, we move confidently toward our shared vision of blockchain’s mass adoption.

About VeChain

Founded in 2015, VeChain built a world-leading enterprise smart contract platform, VeChainThor, which helps deliver blockchain adoption apps to hundreds of enterprise partners.

Building on this expertise, VeChain, in close partnership with Boston Consulting Group, launched the ‘Better’ ecosystem — comprised of sustainability apps that use tokenization and incentivization to reward users, businesses and other stakeholders for sustainable actions.

To learn more, including how you can build apps of your own, grants, documentation and more, visit vechain.org — or vebetter.com to explore.