PANews reported on November 8 that the Ethereum Foundation released its 2024 report. The report shows that as of October 31, 2024, the asset reserve of the Ethereum Foundation (EF) is approximately $970.2 million, of which $788.7 million is in crypto assets and $181.5 million is in non-crypto investments and assets. The majority of the crypto 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. The report also shows that EF expenditures reached $134.9 million in 2023, of which 37.2% was for internal operations, 35.2% supported the development of new entities, and 25.7% was invested in L1 research and development.
The goal of the EF asset reserve is to provide funding support for important public goods in the Ethereum ecosystem for the coming years. To achieve this goal, it is necessary to follow a conservative fiscal management policy to ensure that there are sufficient resources even during years of market downturns. This requires regular sales of ETH to ensure adequate reserves for the coming years, and to increase fiat reserves as planned during bull markets to fund expenditures during bear markets.
