Nearly $1.29 billion was held in ether (ETH), the world’s second-largest cryptocurrency by market capitalization. That represented over 0.297% of the whole 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 inspiration didn’t return requests for particulars on the make-up of those property at writing time.
“We additionally enhance our non-crypto financial savings in response to rising ETH costs,” the inspiration mentioned within the report. “(This) supplies a larger security margin for our core finances and would allow us to proceed funding non-core however excessive leverage initiatives via a market downturn.”
The holdings included 39,168 ether already dedicated to shopper groups constructing on Ethereum, in response to the report.
The inspiration funds analysis and improvement 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, companies, and groups concerned within the basis’s actions pocketed a cumulative $5.1 million in 2021, the report famous.
Analysis and improvement 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.