Almost $1.29 billion was held in ether (ETH), the world’s second-largest cryptocurrency by market capitalization. That represented over 0.297% of the overall 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 basis didn’t return requests for particulars on the make-up of those belongings at writing time.
“We also increase our non-crypto savings in response to rising ETH prices,” the muse mentioned in the report. “(This) provides a greater safety margin for our core budget and would enable us to continue funding non-core but high leverage projects through a market downturn.”
The holdings included 39,168 ether already dedicated to shopper groups constructing on Ethereum, in keeping with the report.
The basis funds analysis and growth on Ethereum and associated applied sciences. It spent in extra of $48 million on numerous groups, funding and bounties final yr, the report mentioned.
Ethereum builders, businesses, and groups concerned in the muse’s actions pocketed a cumulative $5.1 million in 2021, the report famous.
Research 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 purchasers.
Ether is buying and selling simply over $3,050 at writing time, CoinGecko knowledge present.
