The Ethereum Foundation has released a financial report showing its treasury has decreased to $970.2 million as of October 31, down 39% from $1.6 billion in March 2022. Approximately 81.3% of its holdings are in cryptocurrency, primarily in ether (ETH), which has declined in value by 22% during this period. The foundation has spent around $240 million over 2022 and 2023. The report highlights a conservative treasury management strategy aimed at funding critical public goods within the Ethereum ecosystem, ensuring sufficient resources even in potential market downturns. Additionally, the foundation is instituting a conflict of interest policy, prompting researchers and developers to disclose external work and investments. This follows concerns raised after two researchers left their advisorships at EigenLayer, which involved significant token compensation. The Ethereum Foundation maintains a long-term vision for its ETH holdings, reflecting confidence in Ethereum's future.

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