Ethereum Foundation AMA: The main wallet holds $650 million worth of ETH, and the fund reserves can cover the foundation's expenses for the next 10 years

BlockBeats news, on September 5, Justin Drake, a core researcher of the Ethereum Foundation, responded to the question "How long will it take for the Foundation's reserves to run out?" during the 12th AMA of the Ethereum Foundation:

"The Ethereum Foundation's financial report should be released soon. The current annual budget of the Foundation is about $100 million (mainly composed of grants and salaries, and some grant recipients can only accept legal tender.) At current prices, the Ethereum Foundation's main Ethereum wallet holds about $650 million worth of ETH. Previously, due to regulatory reasons, sales were temporarily stopped, so the reserve funds were not replenished until recently. Roughly estimated, the Ethereum Foundation's reserves can cover a 10-year budget, but the amount of reserve funds is greatly affected by ETH price fluctuations."

BlockBeats Note: A relatively complete AMA content is available through the in-site article "Can ETH Still Rise? The Ethereum Foundation personally responded｜AMA Review》 View.