Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

On Monday, the Ethereum Foundation (EF) published a fiscal study that shows the instauration presently holds $1.6 cardinal successful its treasury. $1.3 cardinal of the treasury’s assets are held successful cryptocurrencies portion the remainder of the treasury is composed of non-crypto investments and assets.

Ethereum Foundation Holds $1.294 Billion successful Ether

The Ethereum Foundation is simply a non-profit enactment that’s dedicated to fostering maturation wrong the Ethereum ecosystem. The precocious published EF April 2022 report explains that determination are assorted ways the EF bolsters the Ethereum environment.

EF creates teams focused connected improving Ethereum and the network’s ecosystem, the non-profit provides projects with grants to money different teams extracurricular of the halfway EF teams, it manages delegated domain allocation, and it besides leverages third-party backing techniques.

Source: Ethereum Foundation April 2022 report.

After explaining what the Ethereum Foundation is and what it does, the April 2022 study discusses the EF treasury and financials. According to the EF, it presently holds $1.6 cardinal successful its treasury, and $1.3 cardinal is composed of integer currencies similar ethereum (ETH).

In fact, according to the EF report, the instauration holds 80.5% of its crypto holdings successful ether, which represents 0.297% of the full ether supply. EF insists that adjacent during multi-year crypto marketplace downturns, the non-profit allocates a “conservative treasury” that’s “immune to the changes successful the terms of ethereum.”

The crushed wherefore EF is holding truthful overmuch ether is due to the fact that it represents the non-profit’s content successful Ethereum’s aboriginal imaginable and the holdings “represent that semipermanent perspective.”

EF Spends $48 Million successful 2021

The EF study besides disclosed that past year, the non-profit spent an aggregate of astir $48 million, and $20 cardinal of the full spent was directed astatine “external spending” specified arsenic grants.

The remaining equilibrium funded teams and projects with the Ethereum ecosystem. The full spending equilibrium was placed into unsocial categories which see furniture 1 (L1) probe and improvement (R&D), furniture 1 (L2) R&D, applied ZK research, assemblage development, and interior operations spending.

The Ethereum Foundation is 1 of galore organizations that clasp ether successful a treasury, arsenic Bitcoin.com News precocious reported connected a fig of ether treasuries connected April 10. The study had shown 12 antithetic companies that held adjacent to $700 cardinal worthy of ethereum connected their equilibrium sheets.

What bash you deliberation astir the Ethereum Foundation’s fiscal study disclosing its existent ethereum holdings? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons