Ethereum Institute Releases Initial Statement Revealing Its Financial Assets

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  • According to the article, the organization had approximately $1.6 billion in cash at the end of March, including $1.3 billion in crypto assets. The non-profit organization also revealed that during the same period, 99.1% of its cryptocurrency assets were in ETH, representing approximately 0.297% of total ETH supply.
  • Ethereum now only holds 55% of total TVL, according to Defillama. Although still ranked number one, Ethereum accounted for around 70% of all TVL last year.
  • This essentially suggests that EF has committed to selling ETH during a bull market to help fund its non-crypto investments. EF believes in the promise of Ethereum, and our ETH holdings embody this long-term approach, the foundation added.

The Ethereum Foundation has released its first report revealing its cash holdings, stating that it pursues a conservative cash management policy to ensure funding for the organization’s core objectives. Crypto experts, including trader Edward Morra, have repeatedly said that the nonprofit has been good at timing the market to cash in Ethereum’s spikes.

Reviews of the Ethereum organization

According to the article, the organization had approximately $1.6 billion in cash at the end of March, including $1.3 billion in crypto assets. The non-profit organization also revealed that during the same period, 99.1% of its cryptocurrency assets were in ETH, representing approximately 0.297% of total ETH supply.

They seek to clarify the reasoning and philosophy that determine their course of action, according to Aya Miyaguchi, executive director of the Ethereum Foundation. There are many interesting stories to share about how EF teams contribute to the ecosystem beyond allocating financial support, Miyaguchi said. Members of the EF community also undertake a lot of non-financial work behind the scenes. We’re not a typical top-down company, the executive director agreed.

The Ethereum project foundation claims that it is not a normal non-profit organization or even a corporation. Their role is not to govern or run Ethereum, nor are they the only organization sponsoring crucial development of Ethereum-related technology, the group said. EF is a small part of a much bigger picture. EF explains in the report that it pursues a conservative cash management philosophy to ensure funding for fundamental objectives even though the market has been declining for several years. This element of our budget is resilient to substantial swings in the price of ETH, he said.

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Ethereum progress as well as EF pays off

The cryptocurrency market, which surpassed a cumulative market value of $3 trillion last year, has seen a bumpy recovery, with the cryptocurrency market capitalization hovering around $1.92 trillion today. today. Meanwhile, according to CoinGecko, Ethereum has fallen 5% in the past 24 hours and nearly 17% in the past two weeks. Recently, Ethereum has lost substantial market share in terms of total value locked (TVL) on decentralized applications on the network. Ethereum now only holds 55% of total TVL, according to Defillama. Although still ranked number one, Ethereum accounted for around 70% of all TVL last year.

The foundation has clarified its position in response to accusations it profited from during its heyday. “They are increasing their non-crypto funds in response to rising ETH prices, providing a greater safety margin for their core budget and funding non-essential but high-leverage projects during a market downturn,” they claim. they. This essentially suggests that EF has committed to selling ETH during a bull market to help fund its non-crypto investments. EF believes in the promise of Ethereum, and our ETH holdings embody this long-term approach, the foundation added.

Steve Anderson
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