The post This Is How Much Crypto the Ethereum Foundation Holds appeared on BitcoinEthereumNews.com.

The Ethereum Foundation holds $970.2 million in its treasury, according to the newly released report. This includes $788.7 million in crypto and $181.5 million in non-digital asset investments. A major 99.45% of the foundation’s crypto holdings are in ETH, which represents 0.26% of the total ether supply as of that date. By prioritizing ETH for the majority of its treasury, the Ethereum Foundation said that it reaffirms its long-term commitment to the second-largest blockchain’s potential. Ethereum Ecosystem Secures $22.2B in Total Treasuries The primary purpose of the Ethereum Foundation’s treasury is to fund important public goods for Ethereum’s ecosystem for the long haul. To accomplish this, the non-profit organization maintains a treasury management strategy that safeguards its resources, even in the face of prolonged market slumps. This includes periodically liquidating ETH to create financial reserves and boosting fiat savings during bull markets to support expenditures in bear markets, according to its latest report. The Ethereum ecosystem is supported by $22.2 billion secured in treasuries belonging to foundations, organizations, and DAOs in 2024. While the Ethereum Foundation manages 4.4% at $970 million, Optimism leads the ecosystem with 15.8% at $3.5 billion, while Uniswap follows with 14% at $3.1 billion. Mantle controls 11.3% at $2.5 billion, and Arbitrum holds 8.6% at $1.9 billion of the total treasury. Gnosis maintains 8.1% at $1.8 billion, followed by ENS with 5.4% at $1.2 billion. Other notable holders include The Graph, Safe, Sky, SuperVerse, Lido, etc. Meanwhile, smaller treasuries include Aave, dYdX, Research Hub, and Stargate Finance among others. The Ethereum Foundation notes, “Over the last few years, the Ethereum ecosystem has grown. There are now many organizations and institutions that contribute to Ethereum and push its boundaries forward, including companies, non-profits, DAOs, L2 organizations, and more. Our ecosystem has never been stronger.” EF Leads Ecosystem…

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Filed under: News - @ November 8, 2024 1:27 pm