Crypto30 March, 20261 min read
Ethereum Foundation Stakes $46 Million in ETH, Shifting Treasury Strategy
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Ethereum Foundation deposited 22,517 ETH (~$46.2M) into Beacon Deposit Contract. Foundation executed 11 deposits, each roughly 2,047 ETH, totaling 22,517 ETH.
Massive Staking Push
The Ethereum Foundation deployed approximately $46.2 million in Ether through 11 separate deposits totaling 22,517 ETH. This marks the foundation's largest single staking transaction to date. The move signifies a strategic shift toward generating yield rather than relying on periodic ETH sales.
OTC Sale Supports Operations
The staking deployment followed an OTC sale of 5,000 Ether to BitMine. This marked the foundation's second direct OTC sale to a corporate buyer. Proceeds would support core operations including protocol research and community grants.
Largest Staked Holdings
The foundation's total staked holdings now amount to roughly 24,564 ETH. It currently holds about $361 million in onchain assets. The pivot to staking marks a departure from earlier approaches involving sales.
Ether Price Risks Decline
Ether fell below the $2,000 level over the weekend. Analysts pointed to repeated failures at $2,200 and weakening momentum. Price targets were cited in the $1,750 to $1,850 range.