On November 8, the Ethereum Foundation released its 2024 report saying,"As of October 31, 2024, EF (Ethereum Foundation)'s asset reserves were approximately US$970.2 million, of which US$788.7 million were cryptographic assets and US$181.5 million were non-cryptographic investments and assets. The majority of our crypto positions (99.45%) are held in the form of ETH. These ETH accounted for 0.26% of the total ETH supply as at October 31, 2024. We chose to hold most of our reserves in the form of ETH. The Ethereum Foundation believes in the potential of Ethereum, and our ETH positions reflect this long-term perspective. At the same time, the goal of EF Asset Reserve is to provide financial support for important public goods in the Ethereum ecosystem for years to come. To achieve this goal, we must follow conservative fiscal management policies to ensure adequate resources are available even after years of market downturns. This requires regular sales of ETH to ensure sufficient reserves in future years and a planned increase in our fiat reserves in bull markets to fund spending in bear markets."