Ethereum Foundation Completes $143 Million 70,000 ETH Staking Program
Key Takeaways
- Total staked ETH reached about 69,500, nearing the 70,000 target.
- A single session deposited 45,034 ETH (~$93 million), bulk of the commitment.
- The move pivots treasury into staking and DeFi, reducing reliance on token sales.
Foundation Completes Staking
The Ethereum Foundation completed its 70,000 ETH staking program, deploying roughly $143 million worth of ether.
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The foundation staked 45,034 ETH in a single session, bringing total staked ether to about 69,500 ETH.
This represents a major shift from funding operations through regular ETH sales.
Staking rewards are expected to provide an estimated $3.9 million to $5.4 million annually.
The foundation still holds more than 100,000 ETH unstaked as liquid reserves.
Community Criticism and Treasury Shift
The foundation's move to staking followed sustained community pressure over ETH sales.
The new treasury policy marked a strategic pivot toward income-generating yield.
Approximately 38 million ETH, around 30% of total supply, is now locked in staking contracts.
Balancing liquidity needs with long-term sustainability is central to the approach.
Technical Setup and Future Plans
The staking operation employed open-source tools from Attestant.
“The Ethereum Foundation is close to completing its 70,000 ETH staking target after a new round of deposits pushed its total staked amount above 69,500 ETH, based on on-chain data cited in recent market reports”
The foundation emphasized moving into staking and DeFi to enhance sustainability.
The foundation has not said whether it will expand staking beyond the initial commitment.
Large institutional holders face questions of responsible deployment.
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