Nimiq has published a balance sheet every year since 2018.
The reports are self-published, not audited.
Nimiq's Bitcoin is nearly gone. So is its Ethereum.
Rising coin prices held net assets up for seven years. The 2026 report is the steepest fall of the nine.
Coins held at each report, against the 2018 holding
The 2026 report, by value
The 2026 financial year
Every report since 2018
What it costs to run, per month
The first fall since 2019.
| Report | Net assets | Bitcoin | Ethereum | NIM | Cash | Bank | Property |
|---|---|---|---|---|---|---|---|
| 2018Aug 17 to Jul 18 | $12.32m | 724.7 BTC$4.53m | 9,470.5 ETH$1.61m | not held | $5.08m | not held | $1.10m |
| 2019Aug 18 to Jun 19 | $10.55m | 417.6 BTC$3.90m | 6,383.2 ETH$1.00m | not held | $4.30m | $3.90m | $1.10m |
| 2020Jul 19 to Jul 20 | $10.70m | 296.2 BTC$3.20m | 3,791.4 ETH$1.30m | 65.0m$0.30m | $2.60m | $3.70m | $1.10m |
| 2021Aug 20 to Jul 21 | $22.97m | 201.9 BTC$8.30m | 2,036.4 ETH$4.92m | 101.0m$0.43m | $6.30m | $3.70m | $1.10m |
| 2022Aug 21 to Jul 22 | $15.58m | 205.7 BTC$4.82m | 1,661.4 ETH$3.07m | 377.0m$0.56m | $3.36m | $3.50m | $1.10m |
| 2023Aug 22 to Jul 23 | $13.76m | 176.1 BTC$5.16m | 1,405.4 ETH$2.59m | 403.0m$0.36m | $1.35m | $2.50m | $2.20m |
| 2024Aug 23 to Jul 24 | $15.31m | 119.8 BTC$7.16m | 1,002.3 ETH$2.61m | 398.0m$0.54m | $1.13m | $2.20m | $2.00m |
| 2025Aug 24 to Jul 25 | $19.54m | 89.5 BTC$9.93m | 929.4 ETH$4.08m | 132.0m$0.09m | $1.31m | $2.20m | $2.00m |
| 2026Aug 25 to Jul 26 | $11.66m | 63.15 BTC$4.80m | 380.71 ETH$0.91m | 1,557.7m$0.60m | $0.29m | $1.80m | $3.25m |
| Report | Product dev | Marketing | Legal, admin | Digital ops | Travel and F&B | Rent, ops | Extraordinary | Total |
|---|---|---|---|---|---|---|---|---|
| 2018burn $245k/mo | $2,119.4k | $1,013.9k | $350.8k | $239.0k | $551.6k | $330.2k | none | $4,604.9k |
| 2019burn $170k/mo | $1,783.1k | $907.6k | $182.2k | $106.4k | $171.8k | $160.8k | $387.3k | $3,699.2k |
| 2020burn $170k/mo | $1,309.8k | $415.2k | $156.4k | $112.4k | $85.9k | $134.0k | $1,526.3k | $3,740.0k |
| 2021burn $225k/mo | $1,662.6k | $542.9k | $143.9k | $126.4k | $96.8k | $126.7k | $827.5k | $3,526.8k |
| 2022burn $225k/mo | $1,611.1k | $523.1k | $136.2k | $105.2k | $136.9k | $178.4k | $730.6k | $3,421.5k |
| 2023burn $230k/mo | $1,666.7k | $383.3k | $136.9k | $144.3k | $193.8k | $182.3k | $441.5k | $3,148.8k |
| 2024burn $255k/mo | $1,952.8k | $431.1k | $213.3k | $165.6k | $140.8k | $146.8k | $353.1k | $3,403.5k |
| 2025burn $302k/mo | $2,190.3k | $759.4k | $252.4k | $146.2k | $148.9k | $124.5k | $545.2k | $4,167.1k |
| 2026burn $276k/mo | $2,383.6k | $293.6k | $227.8k | $162.5k | $120.0k | $117.6k | $1,073.2k | $4,378.4k |
Cash pays for five weeks. The remaining three years sits in Bitcoin, real estate and a bank stake. Nimiq can only spend those by selling them.
Nimiq bought NIM off the open market for a year.
Both terms ended at their 5% supply cap, with more than half the $1m budget unspent.
Twelve monthly reports, September 2025 to August 2026
| Month | NIM acquired | Spent | Average price | Cumulative |
|---|---|---|---|---|
| September 202528 Aug to 30 Sep | 98,373,000 | $66,490 | $0.0006759 | 98,373,000 |
| October 20251 to 31 Oct | 161,345,250 | $103,318 | $0.0006404 | 259,718,250 |
| November 20251 to 30 Nov | 170,288,850 | $111,781 | $0.0006564 | 430,007,100 |
| December 20251 to 31 Dec | 179,241,200 | $118,361 | $0.0006603 | 609,248,300 |
| January 20261 to 31 Jan | 62,276,330 | $42,204 | $0.0006777 | 671,524,630 |
| February 20261 to 28 Feb | 33,094,730 | $26,289 | $0.0007944 | 704,619,360 |
| March 20261 to 31 Mar | 189,818,633 | $111,053 | $0.000585 | 894,437,993 |
| April 20261 to 30 Apr | 92,350,770 | $43,978 | $0.000476 | 986,788,763 |
| May 20261 to 31 May | 83,842,516 | $46,412 | $0.000553 | 1,070,631,279 |
| June 20261 to 30 Jun | 165,414,498 | $76,563 | $0.000463 | 1,236,045,777 |
| July 20261 to 31 Jul | 152,805,694 | $73,921 | $0.000484 | 1,388,851,471 |
| August 20261 to 31 Aug | 62,673,445 | $28,204 | $0.00045 | 1,451,524,916 |
Nimiq cannot sell this back. Unwinding 1.45 billion NIM would take 99 days of the whole market's volume.
Nimiq buys on three exchanges. Six markets holding 143 million crypto owners cannot reach any of them.
The plan promised the NIM would sit where anyone can look it up.
Block 61,772,149, 16 September 2026
Staked NIM leaves the address and sits in the staking contract. That is why both read zero while holding 1.47 billion NIM.
No transfer arrived at either address, and rewards do not enter the stake on their own. The stake grew anyway.
The whole stake goes to the two largest on the network.
Eight largest of 39 active validators, 16 September 2026.
Each validator has one staker, the published treasury address, and its own 100,000 NIM deposit.
So the treasury is the only staker in both. The chain does not say who runs the validators.
Rewards do not compound.
Every batch pays them to the validator's own reward address. The node does not show where they go next.
Nimiq and CoinGecko print different numbers.
| Source | Circulating NIM | The plan as a share |
|---|---|---|
| Nimiq, 2026 report | 14,252,360,500 | 10.18% |
| CoinGecko | 13,872,126,834 | 10.46% |
The plan clears its 10% cap on either figure, so the August buying was real.
Reported figures are Nimiq's own posts, linked below. Each covers August to July. Eight of the nine landed between 12 and 25 August, the ninth on 16 September.
Chain figures were read from a public Albatross node at rpc.nimiqwatch.com. Anything described as on chain came from there. Everything else is Nimiq reporting its own activity.
| Check | Reported | What the sums say |
|---|---|---|
| Twelve monthly totalsNIM acquired, September 2025 to August 2026 | 1,451,524,916 NIM | 1,451,521,916 on chain, three thousand short |
| Cumulative line, every reportThe running total each update prints | twelve running totals | every one equals the sum of its months, to the NIM and the dollar |
| Transfer of 1 JuneTransaction hash cited in the report | 83,842,516 NIM | verifies exactly |
| Transfer of 1 JulyTransaction hash cited in the report | 165,414,498 NIM | verifies exactly |
| Nine spending tables$16.68m of it product development, $5.27m marketing | $34.09m since 2018 | seven add up exactly, two out by $200 and $100 |
The 132.0m NIM in the 2025 balance sheet predates the plan. Those books closed on 31 July.
All 25 validators in the public registry are named pools. One more unlisted validator holds 498m with three stakers, and it is not the treasury.
The chain carries what the community builds too. NIMmesh, now in alpha, put four Bluetooth mesh payments on it this summer.