Pumpfun co-founder Noah explains the treasury split between Pump Foundation and Baton Corporation "There's a big differentiator here. There's the Pump Foundation, which owns this money, and the UK development company, Baton Corporation, which invoices upwards. So when we talk about the money, it's inside the Pump Foundation" "The money invoiced by Baton Corporation is around $100 million a year right now, spent on development costs, tech costs, all this stuff. That's all publicly available, it's the amount raised in the ICO and the amount raised from revenue. The foundation has close to 2 billion in treasury assets, I'd say" "Baton Corporation invoices the foundation about $100 million a year for dev costs. This depends, because marketing costs might increase so the burn might have to go down, different stuff affects the yearly burn. So the best guess is around $100 million right now"