The Ethereum Foundation released the Financial Report 2021 on Monday, which revealed that the foundation has a treasury worth $1.6 billion, out of which $1.3 billion is in Ethereum.
The foundation has $300 million in non-crypto investments, and another $11 million in other cryptocurrencies.
This is the first time the foundation has published an annual financial report as it usually announces regular grant spending and donations on its blog.
As of March 31, 2022, the foundation’s Ethereum holdings thus, amounted to nearly 0.3% of the entire ETH supply.
Last year, the foundation had a total spending of $48 million.
Out of which $20 million was spent in external expenditure, including grants, delegated domain allocations, third party funding, bounties and sponsorships. $28 million was spent in funding the teams and projects within the Ethereum community.
If the funds were to be categorised differently, the report claims that $21.8 million was spent for Layer-one research and development, that includes Ethereum mainnet upgrade and external grants for network stress testing.
Further, community development accounted for $9.7 million in costs, while developer platform expenditures totaled $5.9 million, $5.1 million went to internal operations and support, while $3.6 million went to applied Zero-Knowledge (ZK) research and development.
Layer-two research and development including developer tooling and software development kits, accounted for $1.9 million.
It is further reported that in addition to the above spending, the foundation allocated $19.6 million in grants through its Ecosystem Support Program.
Speaking of the foundation’s upcoming developments, its much awaited Ethereum merge which will upgrade its network to a PoS consensus model, now won’t be conducted in June. The merge is now speculated to be pushed to the third quarter of 2022.
