Ethereum Foundation Holds $1.3B in Ether, $300M in Non-Crypto Investments

The Ethereum Foundation held much than $1.6 cardinal successful treasury assets astatine end-March, the non-profit said Monday.

• Almost $1.29 cardinal was held successful ether, the world’s second-largest cryptocurrency by marketplace capitalization. That represented implicit 0.297% of the full ether proviso arsenic of March 31. Some $11 cardinal was held successful different cryptocurrencies.

• The treasury besides included astir $300 cardinal successful non-crypto investments. The instauration did not instrumentality requests for details connected the constitution of these assets astatine penning time.

• “We besides summation our non-crypto savings successful effect to rising ETH prices,” the instauration said successful the report. “(This) provides a greater information borderline for our halfway fund and would alteration america to proceed backing non-core but precocious leverage projects done a marketplace downturn.”

• The holdings included 39,168 ether already committed to lawsuit teams gathering connected Ethereum, according to the report.

• The instauration funds probe and improvement connected Ethereum and related technologies. It spent successful excess of $48 cardinal connected assorted teams, backing and bounties past year, the study said.

• Ethereum developers, agencies, and teams progressive successful the foundation’s activities pocketed a cumulative $5.1 cardinal successful 2021, the study noted.

• Research and improvement of furniture 1, oregon basal blockchains, saw a bulk of past year’s spending astatine implicit $21 million, which included probe connected mainnet upgrade, security, mechanics plan and grants to outer clients.

• Ether is trading conscionable implicit $3,050 astatine penning time, CoinGecko information show.