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

Despite its pro-Ethernet stance, the foundation sold off some of its crypto assets at the peak in favor of non-crypto savings. Some members of the Ether community are suspicious of the basis for insider trading. According to this article, EF chose to sell ETH to support non-crypto assets due to its overpriced ETH.

Despite the current market conditions, the fund continues to maintain a large amount of Ether in its treasury as the company believes in the long-term potential of the second largest cryptocurrency on the market.

The fund's largest expense is L1 R&D. According to this study, they spent approximately $22 million on this, while spending only $2 million on L2 R&D. Community development was the second most expensive category, on which EF spent about $10 million.