October 2025 Financial Reconciliation & Reporting Activities

• Reconciliation of DAO-wide transactions for October 2025
• Optimisation of the Financial Reporting Dashboard
  • Started backdated balance sheet reporting
    • From January 2025 to date
  • Begun integrating balance sheet data into Dashboard
    • Change in Treasury Holdings ($)
    • Change in Treasury Holdings (%)
    • Change in Treasury Holdings Over Time Chart
• Preparation of the Financial Reporting Dashboard for October

September 2025 Financial Reconciliation & Reporting Activities

• Reconciliation of DAO-wide transactions for September 2025
• Optimisation of the Financial Reporting Dashboard
  • Increased granularity of incentives tracking
• Preparation of the Financial Reporting Dashboard for September
• Presentation of the August + September Financials to Threshold Committee
  • Received feedback regarded to features for implementation into the Dashboard

August 2025 Financial Reconciliation & Reporting Activities

• Reconciliation of DAO-wide transactions for August 2025
• Optimisation of the Financial Reporting Dashboard
  • Increased granularity of expense tracking
  • Added information related to total tBTC supply
  • Investigated adding breakdown of L2 minting stats
• Preparation of the Financial Reporting Dashboard for August
• Presentation of the July 2025 Financials to Threshold Committee

July 2025 Financial Reconciliation & Reporting Activities

• Reconciliation of DAO-wide transactions for July 2025
• Optimisation of the Financial Reporting Dashboard
  • Added target metrics
    • Expenses based on budget of ~$4.6M per year
    • Revenue based on breakeven point
    • Bridge volume based on Q4 2024 annualised
• Preparation of the Financial Reporting Dashboard for July
• Preparation of the H1 2025 Financial Statements & Financial Reporting Dashboard
• Analysis of the H1 2025 Financials for Presentation to Threshold Committee