Ethereum Foundation Disclosed its Financial Report and Held $1.3 Billion ETH

The Ethereum foundation disclosed its expenditures and expenses last year, most of which were used for research and development.

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Ethereum foundation released its 2021 financial report, disclosing the assets under its management. According to the report, the Ethereum foundation holds assets worth $1.6 billion, of which it holds Ethereum (ETH) worth $1.3 billion.

In addition, it holds $300 million in non cryptocurrency investments and another $11 million in cryptocurrency assets. Well, it’s clear that 80% of its holdings are eth. But judging from the total supply of eth, Ethereum foundation owns 0.3%.

The Ethereum foundation points out that even in the downturn of the cryptocurrency market for many years, it will allocate a “conservative warehouse immune to Ethereum price changes”. In addition, the foundation also published donations and appropriation expenditures on its blog.

Aya Mayaguchi, director of Ethereum foundation, said that as the network matures, they will continue to support third-party distributors. She also said that the community members behind the Ethereum foundation did a lot of non-financial work behind the scenes. “Supporting and coordinating dialogue related to the development of core agreements, linking the projects of EF Fellows  from emerging economies with other members of the Ethereum community, and coordinating with educational groups and work are just a few examples,” mayaguchi added.

Expenditure and Development of Ethereum Foundation

Last year, the Ethereum foundation spent a total of $48 million on several research and development oriented tasks. Among them, the research and development of the first floor accounts for 21.8 million US dollars. This includes external funding for network stress testing and Ethereum master network upgrades.

Similarly, the research and development of the second layer also cost $1.9 million. Other expenses borne by Ethereum foundation include applied ZK research. Development – $3.6 million; The developer platform accounts for $5.9 million; Internal operation and support account for us $5.1 million; Community development accounted for $9.7 million.

In addition, the report shows that the Ethereum foundation has sent a total of $19.6 million in grants through its ecosystem support program. One of the most anticipated developments at present is the Ethereum merger. This involves the transition to the Ethereum 2.0 proof of acquisition (POS) network. Speaking of this development, Tim beiko, a core developer of Ethereum, said.