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# System prepended metadata

title: Financial Strategy

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# Financial Strategy
Due to the market correction Encointer firstly changed the strategy from keeping around 70% of its capital in DOT and KSM to keeping only 30% in DOT and KSM. 
With the turbulences last week, Encointer decided to liquidate all remaining KSM and DOT holdings, including the 7773.55 KSM from this grant immediately. 

Here the overview of the KSM transactions:



| VOLUME [KSM] | PRICE [USD] | REALIZED [USD] |
| ------------ | ----------- | -------------- |
| 1'300         |  24.01           |      31'213          |
| 1'200         |  24.29           |      29'160          |
| 1'228         |  24.15           |      29'656          |
| 857          |   24.28          |       20'826         |
| 400          |   24.25          |        9'700        |
| 1'723         |  24.39           |       42'057         |
| 1'390         |  24.50           |       34'049         |
|              |             |                |
| 8'089         | ~24.31        | 196'661           |



# Update on financial realization


## Realized loss is significant

Despite direct reaction by the Encointer team after the execution of the proposal a significant loss on the proposed treasury spent was realized. 
Instead of the budgeted of USD 261'491 Encointer secured only USD 188'975 (7773.55 KSM at an average price of 24.31 USD per KSM).

**Total realized loss: USD 72'516**