The Ethereum Foundation has published its highly anticipated 2024 report, offering a comprehensive overview of its financial strategy.
Financial Activities and Investments
In 2023, the Ethereum Foundation's total expenditures reached $134.9 million, marking an increase from $105.4 million spent 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, 35.2% of funds were allocated 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 financial reserves stand at $970.2 million, with $788.7 million (81.3%) held in crypto assets, primarily in ETH. The remaining $181.5 million is in non-crypto assets. The report highlights a conservative treasury management policy to safeguard the foundation’s resources even during prolonged downturns.
ETH Market Performance
Ethereum's market performance remains impressive, with the asset posting a 16% gain over the past week. At the time of writing, ETH is trading at $2,918, down 40% from its all-time high of $4,890.
The Ethereum Foundation's 2024 report highlights their strategic approach and commitment to ecosystem development. Investments in community and infrastructure point towards long-term success.
