Ethereum Foundation 2024 Report: 99.45% of crypto holdings are ETH, with asset reserves of approximately $970.2 million

ChainCatcher message, the Ethereum Foundation released its 2024 report stating that as of October 31, 2024, the EF (Ethereum Foundation) has asset reserves of approximately $970.2 million, of which $788.7 million is in crypto assets and $181.5 million is in non-crypto investments and assets.

Most of our crypto holdings (99.45%) are held in the form of ETH. These ETH represent 0.26% of the total ETH supply as of October 31, 2024. We have chosen to hold the majority of our reserves in the form of ETH. The Ethereum Foundation believes in the potential of Ethereum, and our ETH holdings reflect this long-term perspective. At the same time, the goal of the EF asset reserves is to provide funding support for important public goods in the Ethereum ecosystem for the coming years.

To achieve this goal, we must adhere to a conservative fiscal management policy to ensure that there are sufficient resources even during years of market downturns. This requires regularly selling ETH to ensure adequate reserves for the coming years and increasing our fiat reserves as planned during bull markets to fund expenditures during bear markets.