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The Ethereum Foundation (EF) has disclosed substantial asset holdings in its latest financial report, boasting a treasury of $970.2 million as of October 31, 2024. With $788.7 million in cryptocurrency assets, predominantly in ether, the foundation commands 0.26% of the total ether supply. Additionally, it holds $181.5 million in non-crypto investments and assets, reaffirming its commitment to Ethereum’s potential and sustainable growth.
Amid previous community concerns over unexplained transactions, the EF has emphasized a conservative treasury management policy aimed at sustaining operations through potential multi-year market downturns. This strategy includes periodic ether sales and increasing fiat reserves during bull markets to ensure long-term financial stability.
Aya Miyaguchi, the executive director, expressed the foundation’s dedication to nurturing the Ethereum ecosystem through strategic funding and research, supporting its steady momentum and increased network activity, which has seen a rise in both active addresses and on-chain volume in recent months.
