The Ethereum Foundation has released its 2024 report, revealing a treasury valued at an impressive $970 million. This report highlights the Foundation’s team structures, grant recipients, and ongoing initiatives aimed at bolstering the Ethereum ecosystem, according to executive director Aya Miyaguchi.
What Insights Did the Report Provide?
On November 8, Aya Miyaguchi shared key findings from the report via the X platform, detailing the Foundation’s vital operations. The Ethereum Foundation (EF) comprises several teams focused on various strategies to enhance the Ethereum ecosystem.
How Is the Treasury Allocated?
As of October 31, the Foundation’s treasury is composed of $788.7 million in cryptocurrency holdings and $181.5 million in traditional investments. Notably, the overwhelming share of assets held in ETH has sparked concerns among market observers, with crypto assets constituting 99.45% of the total treasury, translating to just 0.26% of the overall ETH supply.
- The Foundation has instituted a conflict of interest policy to streamline team member relationships.
- Grants are critical for sustaining ecosystem involvement, supporting numerous organizations like Argot Collective and Geodework.
- The Foundation’s ETH reserves are relatively modest compared to the total ETH supply.
The Ethereum Foundation’s recent report underscores its solid influence within the Ethereum marketplace while continuing to support ecosystem viability through new policies and grant allocations. Its treasury remains a significant asset, facilitating ongoing initiatives in the cryptocurrency landscape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/ethereum-foundation-reports-970-million-treasury