The Ethereum Foundation has published its 2024 report, detailing its financial health, investments, and future strategies.
Financial Activities and Investments
In 2023, the Ethereum Foundation's expenditures reached $134.9 million, an increase from $105.4 million in 2022. Key investment categories included Layer 1 research and development (30.4%), community development (18.5%), and internal operations (36.2%). Furthermore, 35.2% of funds were allocated to new institutions, accounting for $47.4 million.
Reserves and Treasury Management
As of October 31, 2024, the Ethereum Foundation's reserves stood at $970.2 million, with $788.7 million (81.3%) in crypto assets, mainly in ETH. The remaining $181.5 million is in non-crypto investments and assets. The foundation's conservative treasury management policy aims to protect its resources, balancing fiat and crypto depending on market conditions.
ETH's Market Performance
Ethereum's market performance has been strong, with the asset posting a 16% gain over the past week, outpacing Bitcoin's 9% increase. ETH is trading at $2,918, down 40% from its all-time high of $4,890.
The Ethereum Foundation continues to strengthen its financial position and support ecosystem growth, fostering the project's long-term success.
