How Much ETH is Left for the Ethereum Foundation to Sell?

The Ethereum Foundation’s ETH Holdings: How Much Is Left?

The Ethereum Foundation, a non-profit organization responsible for the development of the world’s largest altcoin, Ethereum, is well-known for its substantial holdings of ETH. Initially, when Ethereum was introduced and ETH began distribution, 72 million ETH were allocated to the community, while 12 million ETH were set aside for the Ethereum Foundation to support Ethereum’s growth and development.

Recent ETH Sales Spark Controversy

Recently, the foundation has drawn attention due to its significant ETH sales. Just a short while ago, the foundation sold 35,000 ETH, valued at approximately $90 million, from its wallets. This sale has sparked criticism, mainly because it was neither announced in advance nor disclosed until after the transaction. Additionally, the large volume of the sale has raised concerns within the crypto community.

In response to these criticisms, the foundation issued an official statement clarifying that the sale was part of their treasury management activities. They also revealed that their annual operational expenses amount to around $100 million.

Current ETH Holdings of the Ethereum Foundation

So, how much ETH does the Ethereum Foundation have left to sell? According to the most recent figures, the foundation currently holds assets worth $848 million, with nearly all of these assets being in the form of ETH or wrapped ETH (WETH). As of the time of writing, the foundation’s ETH holdings amount to approximately 300,000 ETH.

• Total ETH initially allocated to the Ethereum Foundation: 12 million ETH
• Recent ETH sale by the foundation: 35,000 ETH (~$90 million)
• Current value of the foundation’s assets: $848 million
• Current ETH holdings: ~300,000 ETH