The Ethereum Foundation has released its 2024 report, highlighting financial status, investments, and future plans.
Financial Activities and Investment Focus
In 2023, Ethereum Foundation's expenses totaled $134.9 million, up from $105.4 million in 2022. Major investment categories included research and development for Ethereum’s Layer 1 (30.4%), community development (18.5%), and internal operations (36.2%). The foundation allocated 35.2% of its funds to new institutions, investing $47.4 million to strengthen the Ethereum ecosystem.
Ethereum's Financial Reserves and Treasury Management
As of October 31, 2024, Ethereum Foundation's financial reserves stand at $970.2 million. A majority, $788.7 million (81.3%), is held in crypto assets, primarily Ether (ETH), representing 0.26% of the total ETH supply. The remaining $181.5 million is in non-crypto investments. The foundation follows a 'conservative treasury management policy' to safeguard resources even during market downturns. Aya Miyaguchi, the foundation’s executive director, stated: "We’re more committed than ever to planting seeds that may only mature years down the line, ensuring Ethereum’s resilience and collaborative growth."
ETH’s Market Performance
Ethereum’s market performance has shown impressive results, with the asset rising by 16% over the past week, surpassing Bitcoin’s 9% increase. At the time of writing, ETH is trading at $2,918, 40% below its all-time high of $4,890.
The Ethereum Foundation's report emphasizes long-term efforts towards fostering growth and resilience, focusing on innovation and ecosystem expansion.
