As of March 31, 2022, the foundation’s Ethereum holdings amounted to nearly .3% of the entire ETH supply.
The foundation regularly announces grant spending and donations on its blog, but this is the first time it has published an annual financial report.
As the network matures, the foundation has been supporting third-party allocators, said Ethereum Foundation director Aya Mayaguchi.
“[We believe] that more decentralized funding is important for the future of the Ethereum ecosystem,” Miyaguchi wrote in the report. “We continuously try to allocate resources to third parties that we believe can make better decisions than us within certain domains.”
She said on Twitter that she’d provide more details on the foundation’s vision and principles at a Devconnect event in Amsterdam.
Last year the foundation spent a total of $48 million. Layer-one research and development accounted for $21.8 million, including the Ethereum mainnet upgrade and external grants for network stress testing.