Recently, the Ethereum Foundation released a report detailing its 2021 expenditures and amounts currently held. The Ethereum Foundation is the non-profit organization behind the entire Ethereum network. As of March 31st, 2022, the EF had approximately $1.6 billion.
The report indicates that the significant part of the holdings, $1.3 billion was in crypto coins, while the minor part, $300 million, was in non-crypto assets and investments. While sharing this report, the EF also noted that their ETH holding rose in the past year. In the 2021 March report, the EF held about $826 million worth of ETH quoted at $2k. However, recent reports indicate that the EF has $1.294 billion, a 56% increase in Ethereum holdings. The current valuation is based on a $3k Ethereum price.
The report mentioned that EF sold some of its ETH at the peak of its rally in favor of other crypto and non-crypto investments. For instance, out of the $1.6 billion, only $1.294 billion is ETH. The EF holds about $11 million in other crypto assets. The additional about $300 million is held in non-crypto investments.
The report also says that “The EF follows a conservative treasury management policy that ensures we have sufficient resources to fund the EF’s core objectives even in the case of a multi-year market downturn. This part of our budget is immune to changes in the price of ETH on a significant timeline.”
Holding conservative treasury management means the foundation has a lot of confidence in the long-term performance of ETH. As such, they will continue holding more ETH even in 2022.
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