According to previous reports by Zombit, the Ethereum Foundation’s budget topic has been widely discussed in the cryptocurrency community since it transferred 35,000 ETH to the Kraken exchange.
The Ethereum Foundation was also asked about the foundation’s financial reserves when it held its 12th AMA on Reddit today. In this regard, core researcher Justin Drake said that the foundation’s financial report should be released soon. The current annual budget is about $100 million. Additionally, the Ethereum Foundation’s main Ethereum wallet still holds approximately $650 million worth of ETH at current prices.
In addition, the Ethereum Foundation has a legal currency reserve that can support working capital for several years, but Justin Drake said that he has the least information about this part, and as Aya Miyaguchi, executive director of the Ethereum Foundation, previously said, due to regulatory reasons ETH Sales were temporarily suspended, so the reserve was only recently replenished (with the transfer of 35,000 ETH to the Kraken exchange).
Justin Drake concluded that as a rough estimate, the Ethereum Foundation still has about 10 years of operating capital reserves. This reserve fluctuates significantly with changes in the price of ETH.
In addition, Ethereum founder Vitalik Buterin also responded:
“The current rough budget strategy is to spend 15% of our remaining funds each year. This means that by default, EF can operate forever, but over time, its impact will become more and more important as part of the entire ecosystem. Small."
Source
