Ethereum Foundation’s Crypto Portfolio Strengthens, ETH Value Increases

The Ethereum Foundation’s 2024 financial report shows that 99% of the foundation’s $970.2 million portfolio is held in Ethereum (ETH). This reflects the foundation’s strong confidence in Ethereum’s future. The report states that the foundation follows a conservative treasury policy, which is why it is prepared for market volatility. The foundation’s strategy of storing most of its assets in ETH is supported especially by the recent rise in the price of ETH. With an 18% increase this week, ETH’s value reached $2,914, with analysts predicting that it could rise above $3,000. This increase has also created movement in the altcoin market and increased expectations for a new altcoin season.

The foundation’s financial strategies are focused on strengthening Ethereum’s infrastructure and providing financial support for new projects. This year, the Ethereum Foundation has spent $47.4 million on network development and layer-1 research activities, and continues to invest in the future crypto ecosystem. Long-term plans and demands for financial transparency are also finding positive resonance within the Ethereum community. #Binance #escoin #elg #brc $BTC $ETH