After selling close to the top amid ETH's all-time high, the Ethereum Foundation revealed how many crypto and non-crypto assets it still holds.
After selling close to the top amid ETH’s all-time high, the Ethereum Foundation revealed how many crypto and non-crypto assets it still holds.
The Ethereum Foundation – a non-profit organization that supports the second-largest blockchain protocol – disclosed that its treasury equals around $1.6 billion. $1.3 billion of it is distributed in digital assets , while approximately $300 million belong to non-crypto investments., the Ethereum Foundation revealed that 99.1% of its total $1.3 billion crypto holdings are held in ETH. This amount was 0.297% of the entire ETH supply by the end of March 2022, the entity added.
On another note, the organization informed it started increasing its non-crypto savings. The move could provide a greater safety margin for the EF’s core budget and enable it to “continue funding non-core but high leverage projects through a market downturn.” The report also outlined how the EF managed its spending throughout 2021. The entity spent around $48 million last year as $20 million was in the form of external spending, including grants, third party funding, bounties, sponsorships, and delegated domain allocations. The remaining $28 million was distributed to the EF community’s teams and projects.The Ethereum Foundation is a part of a larger community of entities and individuals that support the Ethereum ecosystem.
In May 2021, Ether surged to a new ATH of around $4,000. Then the EF sold 35,000 ETH from its possessions.in November last year – one day after the all-time high of nearly $4,900. Back then, the organization sent a massive 20,000 batch of ETH to Kraken’s exchange in a transaction worth nearly $100 million.
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