On November 8, the Ethereum Foundation released a report on 2024, saying, "As of October 31, 2024, EF (Ethereum Foundation) had an asset reserve of approximately $970.20 million, of which $788.70 million were crypto assets and $181.50 million were non-crypto investments and assets. The majority of our crypto holdings (99.45%) are held in ETH. These ETH represent 0.26% of the total ETH supply on October 31, 2024. We have chosen to hold most of our reserves in ETH. The Ethereum Foundation believes in the potential of Ethereum, and our ETH holdings reflect this long-term perspective. At the same time, the goal of the EF Asset Reserve is to fund important public goods of the Ethereum ecosystem for years to come. To achieve this, we must follow a conservative fiscal management policy to ensure adequate resources even in the event of a multi-year market downturn. This requires regular sales of ETH to ensure adequate reserves for years to come, and a planned increase in our fiat reserves in a bull market to fund spending in a bear market. "