Ethereum Foundation Stakes $93M More Ether, Nears 70,000 ETH Target

The foundation staked approximately $93 million worth of ether on April 3.

“Ethereum Foundation stakes another $93 million ether, reaching its 70,000 ETH target The foundation deposited the bulk of its planned staking commitment in a single session, completing a program announced in February to turn dormant treasury holdings into a yield-generating position”

@coindesk

This brought its total staked position to roughly 69,500 ETH and nearly completed the 70,000 ETH target.

@coindesk

The foundation still holds more than 100,000 ETH unstaked.

The staking move shifts the foundation from routinely selling ETH to generating yield.

The foundation's total treasury is around $270.9 million across 14 addresses.

bloomingbit

This represents a vote of confidence in the protocol's economic sustainability.

The staking setup uses open-source tools from Attestant with a focus on distributed signing.

“Ethereum Foundation stakes another $93 million ether, reaching its 70,000 ETH target The foundation deposited the bulk of its planned staking commitment in a single session, completing a program announced in February to turn dormant treasury holdings into a yield-generating position”

CoinDesk

All staking rewards will flow back into the treasury.

This enables operationalization while maintaining diversity and resilience.

Prior ETH sales drew pushback from parts of the community.

Approximately 30% of total supply is now locked in staking contracts.

Coinpedia

Each additional token staked tightens liquid supply.