Bitcoin Foundation Holds $4 Million in Bitcoin, Spends $150k Each Month
The Bitcoin Foundation has released its annual Members Meeting Transcript, a 22-page document that provides a broad overview of the non-profit's recent initiatives as well as its future plans for promoting bitcoin around the globe. Perhaps most notably, the Bitcoin Foundation revealed new details about its finances, with Executive Director Jon Matonis indicating the company is now spending $150,000 per month on its operations, or roughly $1.8m per year. Matonis went on to note that the foundation has $4.6m equivalent in assets, and that 90% of its assets are in bitcoin. However, he....
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Bitwise, one of the world’s fastest-growing crypto asset managers, has announced a $150K donation to Bitcoin development, in a rallying call for the whole industry. The donation will be distributed among three non-profit organizations: Brink, the Human Rights Foundation (HRF), and Open Sats. Bitwise representatives have described the donation as more than just charity work; […]
On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets.
Ethereum Foundation Holds $1.294 Billion in Ether
The Ethereum Foundation is a non-profit organization that’s dedicated to fostering growth within the Ethereum ecosystem. The recently published EF April 2022 report explains that there are various ways the EF bolsters the Ethereum....
Bitcoin surged nearly 5% on Sunday, pushing toward the $90K mark, driven by a weakening dollar and rising monetary stimulus in Europe and China. There’s a lot of momentum from technical indicators, but a key resistance line remains in play. Some experts are now calling for a $150K BTC target this year, and there are […]
The Ethereum Foundation (EF) released its annual financial report earlier today, revealing substantial holdings and a commitment to transparency and long-term sustainability. Ethereum Foundation Holdings As of October 31, 2024, the EF disclosed that its treasury holds approximately $970.2 million, with $788.7 million in crypto assets and $181.5 million allocated to non-crypto investments and assets. […]
The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million in Ethereum for BAYC #3001 Justin Bieber spent 500 ethereum worth $1.29 million at the time of settlement on a Bored Ape Yacht Club (BAYC) NFT, according to a sale stemming from the NFT marketplace Opensea. Bieber is a well known pop star with his popular seven-track EP “My World.” The 2009....