The Ethereum Foundation has released its 2024 report, detailing its financial stability, current investments, and future plans.
Financial Activities and Investments
In 2023, the Ethereum Foundation's expenditures totaled $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%). Notably, in 2023, 35.2% of funds were allocated towards new institutions, with $47.4 million invested to strengthen the Ethereum ecosystem.
Reserves and Treasury Management
As of October 31, 2024, the Ethereum Foundation's reserves are at $970.2 million, with $788.7 million (81.3%) in crypto assets, primarily ETH. The remaining $181.5 million are in non-crypto investments for portfolio diversification. The foundation's treasury management strategy is designed to protect resources during prolonged market downturns. Periodic ETH sales help maintain future savings by increasing fiat savings in bull markets.
ETH’s Market Performance
ETH’s market performance is notable, with a 16% gain over the past week, outpacing Bitcoin’s 9% increase. Currently, ETH trades at $2,918, which is 40% below its all-time high of $4,890.
The Ethereum Foundation's 2024 report highlights a long-term strategy of financial stability and ecosystem development. By funding research, new institutions, and community growth, the foundation aims to ensure the network's resilience and innovative growth.
