The Ethereum Foundation holds nearly $800 million in ETH reserves, demonstrating overwhelming confidence in long-term ecological development!

The latest financial report shows that as of October 31, the total assets of the Ethereum Foundation (EF) are approximately $970 million, with as much as $788 million held in cryptocurrency, 99.45% of which is ETH. This massive ETH holding not only represents 0.26% of Ethereum's supply but also serves as a vote of confidence in the ecosystem!

EF has chosen to retain most of its reserves in ETH to promote the construction of 'core public goods in the Ethereum ecosystem.' The foundation stated that through conservative financial management, they can maintain sufficient resources even during years of bear markets—such as selling ETH during bull markets to ensure fiat reserves to support development in bear markets. EF Executive Director Aya Miyaguchi pointed out that this 'long-termism' strategy is aimed at sowing the seeds for future thriving development, supporting Ethereum's continuous and collaborative growth.

In recent months, the Ethereum ecosystem has performed well, with both on-chain active addresses and transaction volumes increasing. The number of active addresses in October surged to 13.7 million, and on-chain transaction volume reached $108.6 billion, both significantly higher than in September and the same period last year. Against the backdrop of an overall market increase, ETH has risen 19% in the last five days, with the current price reaching $2,912.

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