Ethereum Basis Holds $1.3B in Ether, $300M in Non-Crypto Investments

  • Nearly $1.29 billion was held in ether (ETH), the world’s second-largest cryptocurrency by market capitalization. That represented over 0.297% of the entire ether provide as of March 31. Some $11 million was held in different cryptocurrencies.

  • The treasury additionally included about $300 million in non-crypto investments. The muse didn't return requests for particulars on the make-up of those belongings at writing time.

  • “We additionally improve our non-crypto financial savings in response to rising ETH costs,” the muse stated within the report. “(This) gives a better security margin for our core funds and would allow us to proceed funding non-core however excessive leverage tasks by means of a market downturn.”

  • The holdings included 39,168 ether already dedicated to shopper groups constructing on Ethereum, in response to the report.

  • The muse funds analysis and growth on Ethereum and associated applied sciences. It spent in extra of $48 million on varied groups, funding and bounties final yr, the report stated.

  • Ethereum builders, businesses, and groups concerned within the basis’s actions pocketed a cumulative $5.1 million in 2021, the report famous.

  • Analysis and growth of layer 1, or base blockchains, noticed a majority of final yr’s spending at over $21 million, which included analysis on mainnet improve, safety, mechanism design and grants to exterior shoppers.

  • Ether is buying and selling simply over $3,050 at writing time, CoinGecko information present.

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