First report from Ethereum Foundation published. To further inform the community about the Foundation’s mission, the report includes a breakdown of $1.6 billion in cash reserves.
Ethereum Foundation shares its investments
Now we know how many ETH the largest non-profit Ethereum Foundation owns. As part of its attempts to be more transparent and communicate its goals to the Ethereum community, the Ethereum Foundation released a new report on Monday. According to the 28-page report, non-treasury profit reached $1.6 billion as of March 31, 2022. 80.5% of the $1.6 billion is held in ETH, making up 0.297% of the total ETH supply. The remaining 19.5% of the foundation’s portfolio consists of non-crypto assets and investments and other cryptocurrencies.
The Foundation detailed in the report how it maintains its portfolio as part of its mission to support startups in the ecosystem. According to the study, EF takes a cautious treasury management approach to ensure it can fund its core objectives even in the event of a prolonged market crash. Additionally, it is worth noting that his Foundation has stated its position on selling ETH holdings to increase its non-crypto reserves. ETH reserves are sold in response to rising prices to increase the margin of safety of the foundation’s core budget.
Foundation took profits at these levels
At the height of the 2017 bull market, Ethereum Foundation immediately after May 2021 peak 70,000 ETH, 35,000 ETH and Ethereum current all-time high on November 10 It sold 20,000 more units the day after it reached $4,878. The world believes the timing of the Foundation’s ETH sales indicates that Ethereum may have hit short-to-mid-term highs and is paying attention to any portfolio rebalancing that may occur.
Kryptokoin.com, the leading profit of the ETH ecosystem Its nonprofit organization is the Ethereum Foundation. In 2021, the Foundation invested approximately $48 million in different projects, including Layer 2 research and development, zero knowledge collection practices, and community building.
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