Almost $1.29 billion was held in ether, the world’s second-largest cryptocurrency by market capitalization. That represented over 0.297% of the total ether supply as of March 31. Some $11 million was held in other cryptocurrencies.
“We also increase our non-crypto savings in response to rising ETH prices,” the foundation said in the report. “ provides a greater safety margin for our core budget and would enable us to continue funding non-core but high leverage projects through a market downturn.” The foundation funds research and development on Ethereum and related technologies. It spent in excess of $48 million on various teams, funding and bounties last year, the report said.
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