Justin Drake of Ethereum Foundation: The Foundation’s financial report will be released soon, and the Foundation has about 10 years of funds in reserve

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Foresight News
3 days ago
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According to Foresight News , Justin Drake of the Ethereum Foundation answered the question "How many years or months will it take for the current funds of the Ethereum Foundation to run out?" in an AMA. Justin Drake said, "The financial report of the Ethereum Foundation (EF) will be released soon. EF spends about $100 million a year. At current prices, EF's main Ethereum wallet is worth about $650 million. EF also has a fiat currency reserve that can cover several years of operating funds. This is the part I know the least about. As Aya mentioned, Ethereum sales were temporarily suspended for regulatory reasons, so the reserves were not replenished until recently. Roughly estimated, the foundation has about 10 years of reserves. This reserve will change due to fluctuations in Ethereum prices."

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