Polkadot Treasury Posts First OpenGov Profit as DOT Price Lags

Polkadot’s treasury became more active and more conservative in the fourth quarter (Q4) of 2025, according to a new treasury report.

The Polkadot treasury spent $7.4 million in Q4, the lowest level since OpenGov was introduced. Polkadot's governance transitioned to the OpenGov model in June 2023.

After accounting for inflation and token burn, the treasury posted a net profit of 1.6 million DOT, its first positive result under the current system. At the end of the quarter, the treasury held about 32 million DOT, worth roughly $58 million.

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