HOLD Immutable Holdings (HOLD)

[Wongyal]

Here is an excerpt of the minutes from Hedera $HBAR governing council meeting

2021 Budget
Young C. reviewed the proposed 2021 HBAR budget request for 4,393,150,000 hbars.
Young C. confirmed that the terms of the sale of hbars to Immutable Holdings had been
agreed. Young C. also presented a proposal for a joint venture Hedera ecosystem fund of $50
million, which would be funded 50% by Hedera and 50% by a venture capital firm.
Brett M. noted that the 6-month budget requests to the Council Members occur due to a
security policy established by the Council Members in 2019. After being moved and seconded,
the Council approved the allocation of 4,393,150,000 HBAR for the H2 2021 budget.