from Bitcoin (BTC) second largest cryptocurrency after Ethereum (ETH) nonprofit organization Ethereum Foundation released a report today.
The Ethereum Foundation aims to increase transparency and support their vision. ETH announced its existence in order to explain it to the community.
Stating that it has assets of $ 1.6 billion as of March 31, 2022, ETH Foundation, He said that about $1.3 billion is in ETH.
The distribution of the assets of the ETH Foundation is as follows:: 80.5% of $ 1.6 billion is in ETH, 0.7 of the portfolio is in other cryptocurrencies, the remaining 18.8% is non-crypto assets and investments.
Stating that he follows a conservative policy on the management of assets, Ethereum Foundationthe reason for this “ensure that the foundation has sufficient resources to finance its main objectives, even in a possible market decline” said that.
Stating that they aim to increase their assets other than crypto money, the ETH Foundation said the following about their investments:
“We are also increasing our non-crypto investments in response to rising ETH prices. Because, in case of a possible decline in the market, non-crypto investments will come into play.
Apart from that, we also choose to keep the rest of our assets in ETH. Because as a foundation we believe in the potential of Ethereum.”
Finally, the Ethereum Foundation has announced that it is actively selling some of its ETH reserves to increase its non-crypto savings and provide more protection in case of market crashes.