The Ethereum Foundation spent $30 million in Q4 last year, and at this rate, it will deplete its holdings of Ethereum within 8 years

According to BlockBeats news on August 25, data from crypto analyst DefiIgnas shows that the Ethereum Foundation currently holds $845 million worth of ETH, accounting for about 0.25% of the total supply of ETH. According to the latest report, the Ethereum Foundation allocated $30 million in Q4 2023 and $8.9 million in Q3. The funds are mainly used for global conferences, online courses, innovative projects etc.

However, the Ethereum Foundation lacks a comprehensive transparent expenditure report. The latest available report from 2021 shows that its total spending on internal expenses, external allocations and rewards was $48 million; including L1 RD expenditures of $21 million; community development (including grants and education) expenditures of $9.7 million; internal operations (salaries, legal fees etc.) expenditures were at $5.1million.

At an annual expenditure rate of $100 million dollars per year ,the Ethereum foundation will deplete its ETH reserves within eight years which means they need either a rise in price or start staking to generate revenue so as to maintain longer-term operations . Crypto analyst DefiIgnas stated that although Polkadot is controversial due to its crazy spending but at least these reports are transparent and can be found hoping for more transparency in operation and reporting by the Ethereum foundation.