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The 
Ethereum Foundation (EF) has revealed its treasury holdings as of October 31, 2024, totaling $970.2 million.
What's the scoop?
- ETH Holdings: These holdings include $788.7 million in crypto assets, primarily in ether (ETH), which accounts for 99.45% of the crypto total and represents 0.26% of the entire ETH supply. The non-crypto portion of the treasury is valued at $181.5 million, showcasing an asset management approach aimed at weathering market fluctuations.
- Treasury Policy: The EF emphasized its strategy to maintain sufficient resources through a conservative treasury policy, periodically selling ETH during bull markets to bolster its fiat reserves and ensure funding during bear markets.
- Conflicts Policy: Following recent controversies, namely the advisory roles of Ethereum researchers
Justin Drake and 
Dankrad Feist with EigenLayer, the EF also just detailed an updated conflict of interest policy. This policy bars staff from accepting illiquid assets of indeterminate market value as compensation.
Bankless take:
The EF's treasury approach reinforces confidence in Ethereum’s value and also serves as a model for how major blockchain organizations can structure their financial strategies to support long-term ecosystem development. The new impartiality policy also indicates maturation. As the cryptoeconomy continues to evolve, maintaining financial prudence and community trust will be crucial for sustaining innovation for many years to come.
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