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The Ethereum Foundation (EF) recently released its 2024 report, providing a comprehensive overview of its treasury holdings, operational focus areas, and ongoing initiatives. Aya Miyaguchi, the Foundation’s executive director, shared the report, which outlines the organization’s financial reserves and its key objectives for the upcoming year.
$970 Million in Reserves, Majority Held in ETH
[embed]https://twitter.com/AyaMiyagotchi/status/1854718486213542306[/embed] According to the report, the Ethereum Foundation manages a treasury of $970.2 million, with a significant 81.3% of these assets held in cryptocurrency. Notably, 99.45% of EF’s crypto reserves are stored in Ether (ETH), positioning EF as one of the most prominent Ether holders, managing around 0.26% of its circulating supply. Additionally, $181.5 million of EF's reserves are invested in non-crypto assets. Over the past two years, EF has allocated approximately $240 million from its reserves. These funds have supported essential Ethereum developments, including Layer One research and backing for emerging institutions. Research and development alone received over $140 million during 2022-2023, underscoring EF's commitment to Ethereum's technological advancements.
Core Focuses for Ethereum Foundation
The 2024 report details seven primary areas of focus for EF: Layer One and Layer Two R&D, applied zero-knowledge (ZK) research, developer platforms, community engagement, internal operations, and support for new institutions. These focus areas highlight the Foundation’s dedication to enhancing Ethereum’s infrastructure, security, and community involvement.
Backing Public Goods for Ethereum’s Growth
EF has been instrumental in supporting public goods and projects that advance Ethereum’s ecosystem. Key beneficiaries include L2Beat, Nomic Foundation, and 0xPARC, all contributing to Ethereum research, cryptography, and broader adoption. The report further showcases treasuries within the Ethereum ecosystem, which collectively amount to $22.2 billion, predominantly in native tokens of Ethereum-based projects like Uniswap and Gnosis. As the Ethereum Foundation outlines its plans and priorities, the community can look forward to a continued commitment to innovation, scalability, and ecosystem growth. Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.