The post Ethereum Foundation Reveals Massive $788 Million Crypto Treasury – 99.45% in Ether! appeared on BitcoinEthereumNews.com.

A recent report from the Ethereum Foundation (EF) revealed that it holds $970.2 million in total assets, with $788.7 million of this amount in cryptocurrency, mainly in Ether (ETH), the second-largest cryptocurrency globally. This decision to hold the majority of its assets in Ether reflects the foundation’s strong belief in Ethereum’s future. Why Ethereum Holds Mostly Ether As of October 31, 2024, the Ethereum Foundation reported that 99.45% of its crypto holdings are in Ether (ETH), which makes up about 0.26% of the total Ether supply. This choice shows the foundation’s strong belief in Ethereum’s potential for long-term success. Recently, some members of the crypto community voiced concerns after noticing occasional sales of Ether without prior notice. This led to calls for more transparency from the foundation. In response, the Ethereum Foundation has assured the community that it will work on increasing transparency around its transactions and decisions, aiming to build trust and maintain its support for the Ethereum ecosystem. EF’s Treasury Strategy  Along with its crypto assets, the EF holds $181.5 million in non-crypto investments. This mix is part of the EF’s cautious treasury approach, which ensures it has enough resources even in a challenging market.  To keep their treasury stable the Ethereum Foundation follows a conservative treasury management policy. The strategy involves periodically selling Ether to raise fiat currency, especially during strong markets, so they can fund the foundation’s work even in weaker economic times. Investment in Growth and Research In 2023, the EF’s largest spending was focused on grants to new institutions supporting Ethereum, with $47.4 million allocated for this purpose. They also dedicated $34.7 million to Layer 1 research and development, further advancing the Ethereum network. 5/ We’re proud to say that ecosystem funding is a shared effort today, much like Ethereum’s R&D process, which helps…

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Filed under: News - @ November 8, 2024 7:24 am