In a post on the Ethereum foundation's blog Vitalik Buterin with substantial optimism announced that the Ethereum Foundation has nearly spent down all of its reserves (archived). The Vitalik claims Ethereum Foundation expenses of roughly 410,000 Swiss Francs per month though he assures readers he can bring that down to a third of a million Swiss Francs in the near future and a quarter of a million Swiss Francs per month further into the future. Buterin claims approximate reserves of 200,000 Swiss Francs, 1800 BTC which will continue to be dumped onto the markets, and 2,700,000 of their own Ether tokens. A further amount of roughly half a million Swiss Francs, or nearly a month of their operating costs is claimed to be held in reserve for legal contingencies. Buterin's own estimate for the depletion of his Foundation's funds is June of 2016 though their burn rate suggests insolvency may arrive much sooner. When paired with claims of extraordinarily desperate measures being taken by Confiscatory agents of the state to acquire more Bitcoin (archived), it appears Buterin's Waterfall may be nearing the end of its most effective days.