Ethereum Foundation's Crypto Holdings Are $788.7 Million, Mostly in Ether (99.45%)

EF's $181.5 million in non-crypto assets secures stability during market downturns. Community urges transparency as Ethereum Foundation sells Ether without prior notifications.

The recent report from the Ethereum Foundation (EF) showed that it has $970.2 million in total assets, with $788.7 million of this amount in cryptocurrency, mainly in Ether (ETH). This decision to hold the majority of its assets in Ether reflects the foundation’s strong belief in Ethereum’s future.

Out of the foundation’s total crypto holdings, 99.45% are in Ether (ETH), which makes up about 0.26% of the total Ether supply. This choice shows the foundation’s strong belief in Ethereum’s potential for long-term success.

Recently, some members of the crypto community voiced concerns after noticing occasional sales of Ether without prior notice. This led to calls for more transparency from the foundation.

In response, the EF has assured the community that it will work on increasing transparency around its transactions and decisions, aiming to build trust and maintain its support for the Ethereum ecosystem.

Along with its crypto assets, the EF also holds $181.5 million in non-crypto investments. This mix is part of the EF’s cautious treasury approach, which ensures it has enough resources even in a challenging market.

To keep their treasury stable the Ethereum Foundation follows a conservative treasury management policy. The strategy involves periodically selling Ether to raise fiat currency, especially during strong markets, so they can fund the foundation’s work even in weaker economic times.

In 2023, the EF’s largest spending was focused on grants to new institutions supporting Ethereum, with $47.4 million allocated for this purpose. They also dedicated $34.7 million to Layer 1 research and development, further advancing the Ethereum network.

Apart from its financial success, Ethereum has also experienced positive growth in recent months. The number of active addresses on the Ethereum network reached 13.7 million in October, a notable increase from the previous month’s 12.3 million.

However, Ethereum’s on-chain volume has also surged, reaching $108.6 billion in October, up from $90.9 billion in September.

After Trump’s recent presidential victory, the crypto market has experienced a major boost, with Bitcoin reaching a new all-time high of $76,943. This surge has also influenced other cryptocurrencies, especially Ethereum, which saw its price climb to $2,945, marking an 18% increase over the past seven days.

The above is the detailed content of Ethereum Foundation's Crypto Holdings Are $788.7 Million, Mostly in Ether (99.45%). For more information, please follow other related articles on the PHP Chinese website!