Ethereum Foundation reserves amount to $970 million - report

Ethereum Foundation presented a report for 2024. It follows that the reserves of the organization amount to $970.2 million, of which $788.7 million - in cryptocurrencies (of which 99.45% - in ETH).

Regular sales of Ethereum in the fund were explained by a strategy that involves having enough funds on hand in case of a long-term market downturn.

This is good news for the project, it’s nice that such a market locomotive as ETH openly shows its internal processes 2000 $degen