Nimiq Foundation finances

A clear look at the treasury, the annual transparency reports, and the NIM buyback, from 2018 to 2026.

Every figure traced to official nimiq.com reports and independently verified

$19.54M
Net assets, mid 2025
7.48%
of NIM supply bought back
$670K
Spent on the buyback so far
8
Annual transparency reports, 2018 to 2025

The treasury

Net assets over time

Nimiq publishes one funding report each year, usually in August, covering a fiscal year that runs roughly August to July. Net assets climbed to a $22.97M peak in the 2021 bull market, then settled around $19.5M as crypto markets cooled and the team kept spending steady.

Show the full annual breakdown
Fiscal yearNet assetsBTCETH Fiat / stablesNIM heldAnnual spend Burn / moCirculating

The treasury is a diversified mix of BTC, ETH, NIM, fiat and stablecoins, a 9.9% stake in Germany's TEN31 (formerly WEG) Bank AG, and real estate. "Core" annual spend excludes one-off extraordinary items. The network moved from proof-of-work to proof-of-stake in November 2024.

The NIM buyback

Buying NIM back off the market

The NIM Treasury Accumulation Plan launched on August 28, 2025, using existing reserves to buy NIM from the open market. The first goal was up to 5% of circulating supply. After hitting that cap in February 2026, the program was extended toward up to 10%. Every purchase lands in one public wallet.

NQ63 SX1R 3UTB 8KD8 A0CV PDF2 J0VC UGUB 3HH0
Progress toward the 10% target7.48% of 10%
1.07B
NIM acquired to date (7.48% of supply)
$669,886
Total spent, at avg $0.000626 / NIM
9
Monthly updates, Sep 2025 to May 2026
Show the monthly buyback log
Reporting periodNIM acquiredUSD spent Avg priceCumulative NIM% supplyMilestone

Where the money is

Token distribution and treasury mix

The 21 billion NIM supply is fixed by protocol: the vast majority is minable, while the Foundation, team, and charity allocations vest slowly over a decade. Today's treasury value, by contrast, is held mostly in Bitcoin and Ethereum.

Genesis NIM distribution

21B
NIM total

2025 treasury mix

$19.6M
gross assets

NIM holdings

The treasury donut above counts only the 132M liquid operating reserve. The far larger holding is the genesis allocation, which vests over 10 years. Adding it up:

Nimiq Foundation, genesis525M allocated, 367.5M vested by mid 2025525M NIM
Team & early contributors, genesisacross 82 vesting contracts525M NIM
Operating reserveliquid, the slice in the treasury donut132M NIM
Foundation & team total~1.18B NIM

Worth roughly $0.8M at mid-2025 NIM prices, about 5.6% of the 21B supply. The ImpactX charity holds a further 420M NIM, not counted here.

Show how Nimiq pays its people
Pay structure. Nimiq never discloses individual pay, only aggregate figures.
  • Compensation is paid in fiat plus a crypto equivalent at the time of expense.
  • 2025 reports roughly $6.8K cost per contractor per month. Headcount is never stated.
  • Product development is the single largest spend category every year, from 35% in 2020 to 57% in 2024.
  • Foundation vesting: 26,250,000 NIM every 6 months over 10 years from April 14, 2018.
  • Team vesting (creators): 35,000,000 NIM every 6 months over 3 years, plus 157,500,000 NIM in months 3 and 6.
  • A Community Funding Board (3 community, 3 team) awards NIM bounties, from 2,000 NIM grants up to 1,000,000 NIM for a shared-network bounty.

Honest gaps

What the reports do not say

  • No standalone 2017 report exists, and the 2026 annual report is not out yet, so the latest annual data covers through July 2025.
  • Runway (months of cash remaining) is never stated, only burn rate and total holdings.
  • Headcount is never disclosed, only aggregate pay and a per-contractor monthly cost.
  • The buyback series begins August 28, 2025. Term 2 runs through August 2026, so June to August 2026 updates were not yet published.
  • A 2021 community forum proposal for a $3M buyback was unofficial, not a Foundation program, and is excluded here.

References

Sources

Every figure traces to an official nimiq.com post.

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