The Ethereum Foundation (EF) has released a report detailing the $1.6 billion treasury that comprises mostly Ether (ETH), but 18.8% of non-crypto assets.
Overall, the organization currently holds approximately 0.3% of the total current ETH supply. which is estimated at $1.3 billion. and can be checked on Etherscan However, the non-crypto holdings are valued at approximately $302 million.
The April 2022 report is the first report released by the Ethereum Foundation outlining what it holds. and how to allocate expenses This includes funding for various Ethereum-based projects, and overall, the Ethereum Foundation appears to be in a very strong financial position. Spending just $48 million in 2021
The report states that it has increased its non-crypto holdings to $302 million from previously undisclosed amounts. The said amount is meant to “Growth Security Margins” In Efforts To Protect From Crypto Market Slump
Ethereum researcher Justin Drake suggests that non-crypto holdings are fiat money inTweetOn April 18
the EF spent $48M in 2021
it has 350K ETH ($1B) and $300M fiathttps://t.co/1AL68I5YgF pic.twitter.com/0yLXNHy3Aj
— Justin rake
(@drakefjustin) April 18, 2022
Ethereum Foundation Spent $21.8 Million on Research and Development This total does not include the Client Incentive Program ( CIP ), an ongoing program that rewards 9 dedicated node operators with a share of 39,168 ETH ($132 million) on a fixed schedule.
And another $9.7 million was spent on community development, $5.9 million on Ethereum as a developer platform, $5.1 million for international operations, $3.6 million on research and development, ZK (zero-knowledge), and $1.9 million for layer two (L2) research and development
As far as I know this is the first time the Ethereum Foundation has publicly detailed all of their treasury holdings.
Finally
pic.twitter.com/AugWk2GF2H
— sassal.eth
(@sassal0x) April 18, 2022
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