Justin Drake indicated that the Ethereum Foundation (EF) has a spending rate of approximately $100 million per year and has a 10-year financial runway, contingent on Ether (ETH) prices.
According to Drake, the EF's main Ethereum wallet currently holds around $650 million, emphasizing that prior ETH sales were paused due to regulatory reasons.
Drake's recent revelation noted that the last financial report in March 2022 indicated a treasury balance of about $1.6 billion, but the current value has declined significantly due to market conditions.
In the recent AMA session, when questioned about a sustainability plan for the EF, Drake candidly admitted, "I'm not aware of any plan to sustainability :)," highlighting financial uncertainty.
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