**Ethereum Foundation to Release Updated Financial Report Soon!**

The Ethereum Foundation (EF) is gearing up to release an updated financial report, revealing that its main Ethereum wallet holds around $650 million. 🤑 Justin Drake, a prominent EF researcher, shared during a Reddit AMA that the organization spends roughly $100 million annually and has a 10-year runway, depending on ETH's price.

- EF paused ETH sales temporarily for regulatory reasons but recently replenished its fiat buffer.

- Last financial report in March 2022 showed a $1.6 billion balance.

- ETH price has dropped about 30% since then.

What are your thoughts on EF's financial strategy? Drop your comments below!