Ethereum Foundation Report Reveals $1.6 Bln Holdings

by in Cryptocurrency News

Ethereum Foundation report

The Ethereum Foundation (EF), a non-profit organization that supports the development of Ethereum, released a report that gives details of its holdings.

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The team mentioned that decentralized funding is important for Ethereum's future. The 28-page report covers subjects like EF values, future perspectives, and its holding. According to the report, the EF treasury holds about $1.6 bln as of March 31, 2022. 1.3 billion of this amount is in crypto, and $300 million is in non-crypto investments and assets. Mainly crypto holdings are in Ether (99.1%). It is 0.297% of the entire Ether supply.

The foundation follows a treasury management policy to ensure that there are enough resources for Ethereum's core objectives even in the case of a market downturn. EF says that a part of the budget won't be affected by Ether's price changes. At the same time, EF increases non-crypto holdings.

As of March 31, 2022 18.8% (302 M) of the Treasury are non-crypto assets and investments, 0.7% (11 M) is in other cryptos, and 80.5% (1.294 B) is in Ether.

Last year EF spent about $48 million. About $20 M from this amount was in the form of external spending, including grants, domain allocations, third-party funding, bounties, and sponsorships.