Hey, crypto lovers! 🌟 There's some exciting news from the Ethereum Foundation! 💰 They just released their 2024 report showing that their treasury has reached $970 million! 🚀
In the report, Aya Miyaguchi, executive director, explains the team structure, grantees, and ongoing initiatives to strengthen the Ethereum ecosystem. 📊 Of the total treasury, about $788.7 million is held in cryptocurrency and $181.5 million in traditional investments. 💵
Interestingly, almost all of their assets, which is 99.45%, are crypto, which has some market observers worried. 😮 However, the ETH they own is only about 0.26% of the total ETH supply.
The Ethereum Foundation also implements a policy to avoid conflicts of interest and provides grants to some cool organizations like Argot Collective and Geodework. 🎉 This report shows how strong their influence is in the Ethereum market and their commitment to supporting the sustainability of a healthy ecosystem.
So, keep an eye on Ethereum news, okay! 🌈✨
