Recently, the Ethereum Foundation Released Its Very First Treasury Report

Why Should We Take a Look at the Ethereum Foundation Treasury Report?

Traders keep an eye on Ethereum Foundation wallet movements because they always move one step ahead of the crash or the hype. Since this month they have released their treasury, no matter whether they are traders or Ethereum users, we highly recommend taking a look at this information.

On November 16, 2022, The Ethereum Foundation, which supports the Ethereum blockchain, sold 20,000 Ether on Kraken at a time when the ETH set an all-time high of $4,891. 

The findings were revealed by Edward Morra, a well-known cryptocurrency trader and technical analyst, who dug into the Foundation’s historical account data.

The Ethereum Foundation has now released its updated treasury data on April 19, 2022. It reported yesterday that it holds 80% of its $1.61B treasury fund in the blockchain's native currency (ET)

In its treasury disclosure report published on April 19, the non-profit, which oversees the development of Ethereum, stated that it believes in Ethereum's long-term potential.

According to the report, the Foundation disclosed the size of its treasury (as of March 31, 2022) and the ways in which it spent money last year. It is the first time Ethereum Foundation's treasury holdings have been disclosed.

The Foundation disclosed it has investments in non-crypto assets worth $302 million, but denied giving further details. 

Around 99% of its crypto holdings, or $1290 million, are in Ether, or about 0.3% of the circulating ETH supply. In addition, the foundation holds $11 million in other cryptocurrencies. 

We can tell from the information that the EF is now loaded up with a lot of ETH right now.

The EF Spending in 2021

As you can see, the Ethereum Foundation put a great deal of resources into making the Ethereum ecosystem better, which is very promising for the upcoming future. Let's take a look at what they are focusing on.

1. L1 R&D - $21.8 million

This category includes all research and development related to mainnet upgrades, Geth, and internal security research, cryptography R&D, economic modeling, and mechanisms research and design of a long-term roadmap for Ethereum's community, External clients are granted access to the execution layer and consensus layer.

There are also many grants to external parties in this category, ranging from a variety of studies being conducted on specialized cryptography outside of network stress testing. 

The Client Incentive Program, for which teams of clients are eligible, is not included in this total. 

It will unlock according to this schedule in the future. The CIP totals 39,168 ETH. As of March 31, 2022, this asset is worth $132.5 million.

2. L2 R&D - $1.9 million

Research & Development for L2, as well as grants for external parties to improve the L2 ecosystem are included here. In addition to educational resources, stress testing and monitoring tools, L2 SDKs and other developer tools, and security reviews for external projects, these grants also provide access to educational resources.

3. Applied ZK R&D - $3.6 million

These include funding for teams that are working on projects like MACI, ZKEVM, UniRep, and others.

This category also includes many grants, such as ZK developer tooling, ZK ceremony design UX, ZK proof of concept applications, and more. In addition, it includes the grant given to the OxPARC foundation in October 2021.

4. Developer Platform - $5.9 millon

All work related to making Ethereum a better developer platform goes here. Solidity, Remix, and Python ecosystem support are included. In addition, Zokrates and grants to allocators like Nomic Labs are included.

Donations to the Nomic Foundation totaled $8 million and are not included in this total will be recorded in 2022.

5. Community Development - $9.7 million

This category includes various work to support different segments of the

Ethereum community. This ranges from engaging with core protocol communities (e.g. support for staking community), Next Billion, Devcon, as well as Ethereum.org and other educational resources. 

This category also includes many grants, ranging from grants to specific regions like Honduras and Colombia, education, and more. It also includes the $1 million to advocacy organizations announced in November 2021 and the $1 million in staking community grants announced in February 2021.

6. Internal operations - $5.1 million

This category includes general expenses that support all teams at the EF. This includes all costs related to internal and external legal, accounting, and financial services, and org-wide subscriptions and service providers, ranging from data services, operational tools, and technical infrastructure. It also includes all fees related to individual investments within our treasury management strategy, as well as salaries of all operational and administrative staff.

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