The Ethereum Foundation has released its 2024 report, revealing a treasury valued at an impressive $970 million. Executive director Aya Miyaguchi shared insights on operations and initiatives aimed at strengthening the Ethereum ecosystem.
Key Insights from the Report
On November 8, Aya Miyaguchi shared key findings from the report via the X platform, detailing the Foundation’s vital operations. The Ethereum Foundation comprises several teams focused on various strategies to enhance the Ethereum ecosystem.
How the Treasury is Allocated
As of October 31, the Foundation’s treasury consists of $788.7 million in cryptocurrency holdings and $181.5 million in traditional investments. The dominance of assets held in ETH has raised concerns among observers, as these assets constitute 99.45% of the total treasury, translating to just 0.26% of the overall ETH supply.
Foundation's Market Impact
The Ethereum Foundation’s recent report underscores its solid influence within the Ethereum marketplace while continuing to support ecosystem viability through new policies and grant allocations. Its treasury remains a significant asset, facilitating ongoing initiatives in the cryptocurrency landscape.
The Ethereum Foundation confidently maintains its influence in the crypto world, channeling resources to sustain and expand the Ethereum ecosystem through strategic investments and grant support.
