The largest non-profit on Ethereum has revealed how many ETH it owns. The report deconstructs its $1.6 billion in treasury assets. 80.5 percent of the total ETH supply is held in ETH, accounting for 0.297 percent of the total ETH supply. The remainder consists of non-crypto assets and investments.
The Foundation sells ETH reserves on purpose in response to increased prices to provide a wider safety buffer for its core budget. It previously sold 70,000 ETH at the pinnacle of the 2017 bull market, 35,000 shortly after the peak in May 2021, and 20,000 on Nov. 10.
A report from the Ethereum Foundation reveals that the Ethereum Foundation has $1.6 billion in Treasury holdings
The Ethereum Foundation has published its preliminary report. The study not only assists the Foundation in explaining its mission to the community but also deconstructs the Foundation’s $1.6 billion in treasury assets.
The non-treasury profit holdings totaled $1.6 billion as of March 31, 2022, according to the 28-page report.
ETH has 80.5 percent of the $1.6 billion, accounting for 0.297 percent of the total ETH supply. The remaining 19.5 percent of the Foundation’s portfolio is made up of non-crypto assets and investments, as well as other cryptocurrencies.
The report detailed how the Foundation maintains its core funding and invests in non-crypto projects. It further indicated that, in response to rising prices, it actively sells a portion of its ETH holdings to provide a greater safety margin.
“The EF follows a conservative treasury management policy that ensures we have sufficient resources to fund the EF’s core objectives even in the case of a multi-year market downturn,” the report stated.
The Ethereum Foundation recently clarified its stance on selling ETH holdings to accumulate non-crypto assets. According to the Foundation, it sells a portion of its ETH reserves on purpose in response to increased prices to provide a wider safety buffer for its core budget.
The Ethereum Foundation previously cashed out by selling 70,000 ETH at the pinnacle of the 2017 bull market, 35,000 shortly after the peak in May 2021, and another 20,000 on Nov. 10, the day after Ethereum hit its current all-time high of $4,878.
The Ethereum Foundation is the most important non-profit organization dedicated to the Ethereum ecosystem. The Foundation spent around $48 million in 2021 on various programs such as Layer 2 research and development, zero-knowledge roll-up applications, and community building.
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