Ethereum Foundation Financial Reports: $650M in ETH and Fiat Reserves
CryptoNewsTerminal Staff05 Sep, 2024
Ethereum Foundation Financial Reports: $650M in ETH and Fiat Reserves
The Ethereum Foundation plans to release its financial statements soon. According to Justin Drake, a researcher at the foundation, the annual spending is around $100 million. The foundation has roughly $650 million in ETH and fiat currency reserves. However, the reserve amount could change based on the price of ETH.