The Ethereum Foundation released its 2024 report, revealing its financial standing and future plans.
Financial Activities and Investment Focus
In 2023, the Ethereum Foundation's total expenditures were $134.9 million, up from $105.4 million in 2022. The primary investment categories included research and development for Layer 1 (30.4%), community development (18.5%), and internal operations (36.2%). The foundation also 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, the Ethereum Foundation's financial reserves are at $970.2 million, with $788.7 million (81.3%) in crypto assets, primarily ETH. The remaining $181.5 million is in non-crypto assets. The foundation follows a conservative treasury management policy to ensure stability during market fluctuations. Aya Miyaguchi, the executive director, highlighted: "We’re more committed than ever to planting seeds that may only mature years down the line."
ETH’s Market Performance
Ethereum's market performance has also been impressive, with a 16% gain over the past week, outpacing Bitcoin's 9% increase. Currently, ETH is trading at $2,918, down 40% from its all-time high.
The Ethereum Foundation continues to foster ecosystem growth through strategic investments and conservative asset management, supporting Ethereum's long-term sustainability.
