Ethereum Foundation Holds $1.3B in Ether, $300M in Non-Crypto Investments

  • Almost $ 1.29 billion was held in ether, the world’s second-largest cryptocurrency by market capitalization. That represented over 0.297% of the total ether supply as of March 31. Some $ 11 million was held in other cryptocurrencies.

  • The treasury also included about $ 300 million in non-crypto investments. The foundation did not return requests for details on the makeup of these assets at writing time.

  • “We also increase our non-crypto savings in response to rising ETH prices,” the foundation said in the report. “(This) provides a greater safety margin for our core budget and would enable us to continue funding non-core but high leverage projects through a market downturn.”

  • The holdings included 39,168 ether already committed to client teams building on Ethereum, according to the report.

  • The foundation funds research and development on Ethereum and related technologies. It spent in excess of $ 48 million on various teams, funding and bounties last year, the report said.

  • Ethereum developers, agencies, and teams involved in the foundation’s activities pocketed a cumulative $ 5.1 million in 2021, the report noted.

  • Research and development of layer 1, or base blockchains, saw a majority of last year spending at over $ 21 million, which included research on mainnet upgrade, security, mechanism design and grants to external clients.

  • Ether is trading just over $ 3,050 at writing time, CoinGecko data show.

  • Source

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