Update 2020-Q1.md

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category: policy
---
## Summary
This quarter we moved 10MM operational, 20MM community credits, and 3MM institutional credits from master cold storage. We spent 13,242,349 total community credits on line items detailed below. 126,352 operational credits were used for the LBRY team member LBC purchase program. 3MM institutional credits were granted to lbry.org
This quarter we moved 10MM operational, 20MM community credits, and 3MM institutional credits from master cold storage. We spent 16,026,383 total community credits on line items detailed below. 126,352 operational credits were used for the LBRY team member LBC purchase program. 3MM institutional credits were granted to lbry.org
We anticipate similar community outlays throughout 2020. Operational spending may increase at any time, but is not expected to increase significantly. Institutional spending could be substantial at any time, but would be expected to be coupled with sensible and sensitive distribution rules.
## Overview By Fund