Data: The Ethereum Foundation spent $30 million in Q4 last year, and at this rate, it will exhaust its holdings of Ethereum in eight years

ChainCatcher news, according to crypto analyst DefiIgnas, the Ethereum Foundation currently holds ETH worth $845 million, accounting for approximately 0.25% of the total ETH supply. According to the latest report, the Ethereum Foundation allocated $30 million in the fourth quarter of 2023 and $8.9 million in the third quarter. The funds are primarily used for global conferences, online courses, innovative projects, and more.

However, the Ethereum Foundation lacks a comprehensive and transparent report on total expenditures. The latest available report from 2021 shows that the Ethereum Foundation's total spending on internal expenses, external grants, and rewards was $48 million, of which $21 million was for L1 research and development, $9.7 million for community development (including grants and education), and $5.1 million for internal operations (salaries, legal fees, etc.).

At an annual spending rate of $100 million, the Ethereum Foundation will deplete its ETH reserves in 8 years, which means they need the ETH price to rise or start staking to generate income to sustain operations for a longer period. Crypto analyst DefiIgnas stated that although Polkadot faces controversy due to its extravagant spending, at least these reports are transparent and accessible, and he looks forward to more transparency in the operations and reporting of the Ethereum Foundation.