The Ethereum Foundation has released a report detailing how its $1.6 billion treasury consists mostly of Ether, but with a surprising 18.8% in non-crypto assets.
The April 2022 report is the first issued by the Foundation to outline what it holds in the treasury and how it is allocating expenditures, including grant funding for various Ethereum-based projects. In all, the EF appears to have a very strong financial footing having spent just $48 million in 2021.The report stated that it has increased its non-crypto holdings to $302 million from a previously undisclosed amount.
The Foundation did not immediately respond to a request to disclose the details regarding those non-crypto holdings. However, Ethereum researcher Justin Drakeit has 350K ETH and $300M fiat
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