Ethereum Foundation Reveals $788M Crypto Holdings And New Conflict-Of-Interest Rules

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Bitcoinist 6d ago

Ethereum Foundation Reveals $788M Crypto Holdings And New Conflict-Of-Interest Rules - Bitcoinist

Quick Summary:

The Ethereum Foundation (EF) released its annual financial report earlier today, revealing substantial holdings and a commitment to transparency and long-term sustainability.

Ethereum Foundation Holdings As of October 31, 2024, the EF disclosed that its treasury holds approximately $970.2 million, with $788.7 million in crypto assets and $181.5 million allocated to non-crypto investments and assets.

Additionally, the EF invested $34.7 million in Layer 1 research and development, up from $32.1 million in the previous year.