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.