Ethereum Foundation Treasury Strategy: $788.7M in ETH Holdings as of October 2024

Ethereum Foundation Treasury Strategy: $788M in ETH, Reflecting Long-Term Vision

According to this year’s financial report, as of October 31, 2024, the Ethereum Foundation had $970.2 million in cryptocurrency and non-crypto assets. As of the end of October 2024, the EF reported that of its $788.7 million in cryptocurrency assets, 99.45% were in ether, or 0.26% of the whole ether supply. It has $181.5 million in non-crypto assets and investments, the report claims.

We choose to hold the majority of our treasury in ETH. The EF believes in Ethereum’s potential, and our ETH holdings represent that long-term perspective,

the foundation

EF Defends Treasury Management Amid Concerns Over Unexplained ETH Transactions

Funding essential public goods for the Ethereum ecosystem is the EF’s treasury’s stated goal. It also included a plan to implement a conservative treasury management program, which guarantees that it will have enough funds even if the market declines for several years.

This requires periodically selling ETH to ensure sufficient savings for future years, and programmatically increasing our fiat savings in bull markets to fund spending in bear markets,

the foundation

Several big, unexplained transactions and ether sales by the foundation without prior notice have drawn criticism and negative community reactions, leading to requests for further openness.

Ethereum Foundation Tightens Conflict of Interest Policy Amid Advisor Departures

Concerns about possible conflicts of interest were raised last week when Ethereum experts Dankrad Feist and Justin Drake announced on X that they were leaving their advising roles with Ethereum restaking protocol EigenLayer, for which they were compensated in Eigen tokens. In today’s report, the EF provided more information about its conflict of interest policy.

In particular, employees of the foundation may accept outside work, but they must notify the organization and confer with their team head. According to the report, an internal discussion committee must examine outside work if its overall worth exceeds $25,000. As an example, the foundation stated that EFers cannot take on work outside EF and get paid in illiquid assets with an unknown market value.

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