Ethereum Ecosystem Treasury Tops $22 Billion!

Share This Post

Ethereum Price

The post Ethereum Ecosystem Treasury Tops $22 Billion! appeared first on Coinpedia Fintech News

As per the latest report, the Ethereum treasury has totaled ~$970 million. In this, ~$788.7 million worth of holding is in crypto and a large part of it comes from ETH tokens. On the other hand, $181.5 million worth of investment is made in non-crypto-related assets. Moreover, its ETH holdings represent around 0.26% of Ethereum’s total supply. The Ethereum Foundation clarified that its treasury serves as a financial backbone for its vital projects within the growing Ethereum ecosystem. Furthermore, the Foundation periodically converts a portion of its ETH holdings to fiat currency to maintain liquidity during times of market uncertainty.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

JPMorgan Casts Doubt on Elon Musk’s D.O.G.E. Pursuit of Federal Reform

JPMorgan has warned the Elon Musk-led Department of Government Efficiency (DOGE) will face significant hurdles, citing Congress’ control over spending Elon Musk’s DOGE Sparks Debate as JPMorgan

XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here

The XRP price recently surged to a three-year high of $16, marking a significant milestone in the cryptocurrency’s recent bullish rally This remarkable price movement has garnered the attention

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

In the past week, the crypto market has been buzzing with action, with bitcoin smashing its way to a new all-time high of $99,800 per coin on Thursday Data reveals an intriguing dynamic during this

XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs?

XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors The price has skyrocketed by an astonishing 225% in under three weeks,

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week In this issue, Max Keiser floats an idea to allow El Salvador to acquire

XRP Below $1? Not Happening, Claims Millionaire Analyst

Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC) Even during the mini bull run immediately