On November 8, news reported that the Ethereum Foundation released its 2024 report stating, 'As of October 31, 2024, the assets of EF (Ethereum Foundation) are approximately $970.2 million, of which $788.7 million are cryptocurrency assets and $181.5 million are non-cryptocurrency investments and assets. Most of our cryptocurrency holdings (99.45%) are held in the form of ETH. These ETH account for 0.26% of the total ETH supply as of October 31, 2024. We have chosen to hold the majority of our reserves in ETH. The Ethereum Foundation believes in the potential of Ethereum, and our ETH holdings reflect this long-term perspective. At the same time, the goal of EF's asset reserves is to provide funding support for important public goods in the Ethereum ecosystem for the coming years. To achieve this goal, we must adhere to a conservative fiscal management policy to ensure that there are sufficient resources even during years of market downturns. This requires regularly selling ETH to ensure that reserves are adequate for the coming years, and increasing our fiat reserves as planned during bull markets to fund expenditures during bear markets.'

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