TechFlow news — On November 8, the Ethereum Foundation released its 2024 report.
The report shows that as of October 31, 2024, the EF's (Ethereum Foundation) asset reserves amounted to approximately $970.2 million, consisting of $788.7 million in crypto assets and $181.5 million in non-crypto investments and assets. The majority of the crypto holdings (99.45%) are held in ETH. These ETH holdings represent 0.26% of the total ETH supply as of October 31, 2024. The purpose of the EF's reserves is to provide funding for critical public goods in the Ethereum ecosystem over the coming years. To achieve this goal, a conservative financial management policy must be followed, ensuring sufficient resources even through extended market downturns. This involves periodically selling ETH to maintain adequate future reserves and strategically increasing fiat reserves during bull markets to fund expenditures during bear markets.
