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19-04-2022|Crypto

The Ethereum Foundation has $1.3 billion in Ether and $300 million in non-crypto investments.

As of March 31, 2022, the non-ether profit's holdings accounted for around 0.3 percent of the total ether supply.

At the end of March, the Ethereum Foundation had more over $1.6 billion in treasury assets, according to the non-profit.

  • Ether, the world's second-largest cryptocurrency by market value, was worth about $1.29 billion. As of March 31, this amounted to about 0.297 percent of the total ether supply. Other cryptocurrencies held about $11 million.
  • Non-crypto investments totaled roughly $300 million in the treasury. At the time of writing, the foundation has not responded to demands for information on the makeup of these assets.
  • "In reaction to increased ETH prices, we also raise our non-crypto deposits," the foundation noted in the report. "This increases our core budget's safety buffer and allows us to continue supporting non-core but high-leverage projects in the event of a market collapse."
  • The holdings included 39,168 ether already committed to client teams developing on Ethereum, according to the report.
  • The foundation supports Ethereum and associated technology research and development. According to the study, it spent more than $48 million on various teams, funding, and bounties last year.
  • Ethereum developers, agencies, and teams involved in the foundation's activities earned a total of $5.1 million in 2021, the report noted.
  • The majority of previous year's spending on layer 1, or base blockchains, was over $21 million, which comprised research on mainnet upgrading, security, mechanism design, and grants to external customers.
  • At the time of writing, the price of Ether was just over $3,050, according to CoinGecko data.

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