Ethereum Foundation's Treasury Shrunk 39% Over 2 1/2 Years to $970M
The Ethereum Foundation on Friday released its long-awaited financial report, revealing it had $970.2 million in its treasury as of Oct.31That's down 39% from $1.6 billion on March 31, 2022, the last date for which the foundation published its financials. Most of foundation's holdings are in crypto (81.3%), with the vast majority of that held in ether (ETH).The foundation spent about $240 million over 2022 and 2023, and ETH has slid 22% since the last snapshot from March 2022.00:56Len Sassaman-T...
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