The Ethereum Foundation released its anticipated 2024 report, disclosing its financial outcomes and future plans.
Financial Activities and Investment Focus
In 2023, the Ethereum Foundation's total expenditures reached $134.9 million, rising 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, 35.2% of the funds were allocated to new institutions, with $47.4 million invested to strengthen the broader Ethereum ecosystem.
Ethereum's Financial 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, representing 0.26% of the total ETH supply. The remaining $181.5 million are in non-crypto investments. A key takeaway is the EF's 'conservative treasury management policy,' ensuring resource safety. The EF has periodically sold ETH to enhance fiat savings in bull markets to balance expenses during downturns.
ETH’s Market Performance
Ethereum’s market performance is impressive, with the asset posting a 16% gain over the past week, outpacing Bitcoin's 9% increase. Currently, ETH is trading at $2,918, down 40% from its all-time high of $4,890.
The Ethereum Foundation is making significant efforts to ensure the long-term growth and resilience of the network by investing in community development and supporting global innovations.
