For the first time ever, the Foundation (EF), has made public the details about its treasury holdings.

This non-profit supports Ethereum and has approximately $1.6 Billion in financial assets.

EF stated in its financial report that the holdings were split among crypto- and noncrypto investments.

The majority of assets (or 80.5%) of $1.294 Billion in EF treasury are held in Ether coins. That’s close to 0.3% of the total ETH supply on the last day of March. It includes 39.168 ETH that is worth about $119million USD. This amount has been already set up to be used in the client incentive program.

“The EF believes in Ethereum’s potential, and our ETH holdings represent that long-term perspective,” read the report.

The report does not disclose which digital currencies the assets are in, but $11million (or 0.7%) is also held by the non-profit.

Conservative Treasury Management

In the meantime, 18.8%, or $302 million of the Ethereum Foundation’s treasury consists of non-crypto investments and assets.

“The EF follows a conservative treasury management policy that ensures we have sufficient resources to fund the EF’s core objectives even in the case of a multi-year market downturn. This part of our budget is immune to changes in the price of ETH on a significant timeline”, explained the report.

While the Ethereum Foundation does not disclose which non-crypto assets are in its possession, due to rising Ether prices the EF announced plans to increase their holdings to ensure a greater level of safety.

Spend $48 million in 2021

The EF also reported on its 2021 expenditures, totaling nearly $48 Million.

According to the Ethereum Foundation, $28 million was spent funding teams and projects. This spending was a large portion ($21.8million) and went towards Layer 1 research, development, and testing.

It also spent nearly $20 million on external projects, including grants, third party fundings, sponsorship and delegated domain allocations.

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