The Ethereum Foundation holds 80.5% of its crypto holdings in ether, which represents 0.297% of the total ether supply.
EF creates teams focused on improving Ethereum and the network’s ecosystem, the non-profit provides projects with grants to fund other teams outside of the core EF teams, it manages delegated domain allocation, and it also leverages third-party funding techniques.After explaining what the Ethereum Foundation is and what it does, the April 2022 report discusses the EF treasury and financials. According to the EF, it currently holds $1.6 billion in its treasury, and $1.
The reason why EF is holding so much ether is because it represents the non-profit’s belief in Ethereum’s future potential and the holdings “represent that long-term perspective.”The EF report also disclosed that last year, the non-profit spent an aggregate of around $48 million, and $20 million of the total spent was directed at “external spending” such as grants.
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