According to TechFlow, according to data from crypto analyst D iIgnas, the Ethereum Foundation currently holds $845 million worth of ETH, accounting for approximately 0.25% of the total supply of ETH.

According to the latest report, the Ethereum Foundation allocated $30 million in the fourth quarter of 2023 and $8.9 million in the third quarter. The funds are mainly used for global conferences, online courses, innovative projects, etc. For example, "Email Wallet" for sending cryptocurrencies via email and "Daimo", a non-custodial smart contract wallet that only supports stablecoins.

The Ethereum Foundation seems to favor funding education and niche but interesting projects that may have difficulty gaining significant VC backing, which may explain their reluctance to fund DeFi protocols that have received external funding.

However, the Ethereum Foundation lacks a comprehensive and transparent report on total expenditures. The latest available report for 2021 shows that the Ethereum Foundation's total expenditures on internal expenses, external grants, and rewards were US$48 million, including US$21 million in L1 R&D, US$9.7 million in community development (including grants and education), and US$5.1 million in internal operations (salaries, legal fees, etc.).

At a spending rate of $100 million per year, the Ethereum Foundation will exhaust its ETH reserves within 8 years, which means they need the price of ETH to rise or start staking to generate returns to sustain operations for longer.