Ethereum Foundations Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether – Bitcoin News - BitcoinEthereumNews.com
On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasurys assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets. Ethereum Foundation Holds $1.294 Billion in Ether RSI एथिरम फाउंडेशन is a non-profit organization thats dedicated to fostering growth within the Ethereum ecosystem. The recently published EF April 2022 report explains that there are various ways the EF bolsters the Ethereum environment. EF creates teams focused on improving Ethereum and the networks ecosystem, the non-profit provides projects with grants to fund other teams outside of the core EF teams, it manages delegated domain allocation, and it also leverages third-party funding techniques. Source: Ethereum Foundation April 2022 report. After explaining what the Ethereum Foundation is and what it does, the April 2022 report discusses the EF treasury and financials. According to the EF, it currently holds $1.6 billion in its treasury, and $1.3 billion is composed of digital currencies like ethereum (ETH). In fact, according to the EF report, the foundation holds 80.5% of its crypto holdings in ether, which represents 0.297% of the total ether supply. EF insists that even during multi-year