Ethereum Foundation Report: Almost 20% of the total value is confirmed by fiat funds

The Ethereum Foundation (EF) has published a report disclosing the amount of ether and other assets held on its balance sheet and how these funds are spent.

According to the April report, as of March 31, 2022, the foundation holds assets totaling $ 1.6 billion. Of this amount, $ 1.29 billion (80.5%) is in ETH, $ 11 million (0.7%) is invested in other digital assets, and $ 302 million (18.8%) is not related to cryptocurrency investments.

EF said that it is increasing its investments in traditional assets in response to the rise of ETH. This will strengthen the fund’s resilience and allow it to continue financing non-core projects with high leverage in the face of a market downturn. At the same time, the fund believes in the potential of Ethereum, so it intends to keep most of its funds in ETH for a long time.