The Ethereum Foundation (EF) has released its 2024 financial report, which shows total assets of $970.2 million as of October 31, 2024. The report provides a breakdown of the foundation’s holdings and spending patterns, highlighting its continued commitment to the Ethereum ecosystem. The foundation has 99% of its crypto treasury in ETH, representing roughly 0.26% of Ethereum’s total supply.
To ensure sustainable operations, the foundation implemented a “conservative treasury management policy” that involves periodic sales of ETH to maintain resources for future operations. In 2023, the largest allocation went to layer-1 research and development initiatives, accounting for 30.4% of spending.
The report also introduces a new conflict of interest policy, and various teams within the foundation contribute to different aspects of the ecosystem’s development.
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