After the sale of its ETH, the Ether Foundation now has $1.6 billion: financial report

The Ether Foundation has also released an extensive financial report outlining its expenses as its total assets for 2021. The company also disclosed their expenses after selling most of their assets during the peak of Ether's rise.

According to the study, the foundation has close to $1.6 billion as of March 31, 2022. The majority of its assets are cryptocurrencies, with non - crypto assets accounting for only $300 million.

Ether accounts for 99% of the foundation's cryptocurrency assets and about 0.3% of the total supply of ethereum. The fund's managers have observed that they adhere to a conservative money management philosophy, which means the fund is betting on the long-term performance of Ether as an asset while maintaining the ability to fund all of its objectives, even during a multi-year market downturn.