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Merit Circle Q1 earnings report: more than $4.7 million worth of BEAM Token has been burned
According to official news, Merit Circle released its financial report for the first quarter of 2024, which showed that Merit Circle's treasury funds increased from $118,132,538 as of December 31, 2023 to $201,252,368 as of March 31, 2024, an increase of 70.36% compared with the previous quarter. In addition, in the first quarter of 2024, a total of 141,402,030 BEAM Token worth $4,705,370 were purchased, and all BEAM Token purchased during the quarter have been burned.