The Ethereum Foundation, the entity behind Ethereum’s (CRYPTO: ETH) development, has revealed it holds $1.6 billion in its treasury.
What Happened: In its 2022 annual report published on Monday, the Ethereum Foundation said that as of March 31, 2022, the treasury was split between $1.3 billion in cryptocurrency and $300 million in other digital assets.
“The vast majority (99.1%) of our crypto holdings are held in ETH. This ETH represents 0.297% of the total ETH supply on March 31 2022,” stated the report.
the EF spent $48M in 2021it has 350K ETH ($1B) and $300M fiathttps://t.co/1AL68I5YgF pic.twitter.com/0yLXNHy3Aj
— Justin Ðrake