Key Points:
- Ethereum Foundation Report 2024 outlines $970.2M in asset reserves.
- Ethereum Foundation plans ETH sales to support growth.
Ethereum Foundation Report 2024 reveals asset reserves of $970.2M, with $788.7M in crypto (99.45% ETH). Regular ETH sales are planned for future funding needs.
Ethereum Foundation Report 2024: Insights into Asset Holdings
The Ethereum Foundation Report 2024 lists EF with major reserve assets amounting to $970.2 million as of October 31, 2024. Crypto assets contribute $788.7 million, out of which 99.45% are held in ETH, demonstrating the organization’s passion to keep growth going via cryptocurrency. These are intended for key public product and infrastructure reserves to keep the Ethereum ecosystem growing.
Periodically, the Foundation sells some ETH to secure a sound long-term funding position. That approach aligns with the strategy of the EF to maintain its reserves over the coming years, guaranteeing predictable financial support for Ethereum’s public goods and ecosystem initiatives, according to the report.
Read more: Ethereum Foundation Researcher Leaves After 7 Successful Years With ETH
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Source: https://coincu.com/291011-ethereum-foundation-report-2024-asset-reserves