The Ethereum Foundation released its anticipated 2024 report, offering a comprehensive view of its financial health, investments, and future plans.
Financial Activities and Investments
In 2023, the Ethereum Foundation's total expenditures reached $134.9 million, up from $105.4 million in 2022. The primary investment categories included research and development for Ethereum’s Layer 1 (30.4%), community development (18.5%), and internal operations (36.2%). In 2023, EF allocated 35.2% of its funds to new institutions, investing $47.4 million to strengthen the Ethereum ecosystem.
Reserves and Treasury Management
As of October 31, 2024, the Ethereum Foundation's reserves stand at $970.2 million, with $788.7 million (81.3%) held in crypto assets, primarily in Ether (ETH), accounting for 0.26% of the total ETH supply. The remaining $181.5 million is in non-crypto investments, ensuring portfolio diversification. A key takeaway from the report is the conservative treasury management policy, designed to safeguard the foundation's resources during prolonged market downturns.
ETH's Market Performance
Ethereum’s market performance has been impressive, with a 16% gain over the past week, outpacing Bitcoin’s 9% increase. At the time of writing, ETH is trading at $2,918, down 40% from its all-time high of $4,890.
The Ethereum Foundation continues to pursue long-term strategies aimed at ensuring network resilience and growth, actively investing in community development and new institutions.
