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.
What to know:
- The Ethereum Foundation has now staked roughly $143 million worth of ether, effectively completing its previously announced 70,000 ETH staking target.
- The move shifts the foundation from regularly selling ETH to help fund its roughly $100 million in annual expenses toward earning staking yield of an estimated $3.9 million to $5.4 million a year instead.
- Despite the new staking program, the foundation still holds more than 100,000 ETH unstaked and has not said whether it will expand staking beyond the initial commitment or keep the rest as liquid reserves.
At roughly $2,059 per ETH, the $143 million total staked position works out to approximately 69,500 ETH, nearly the full 70,000 ETH commitment.
The foundation had been building toward the target incrementally since February, starting with an initial 2,016 ETH deposit and adding roughly 20,470 ETH on Monday. Thursday’s batch covered the remaining balance in one shot.
The foundation’s Arkham-tracked portfolio shows approximately $270.9 million in total assets across 14 addresses, with ETH as the dominant holding at roughly 102,400 ETH ($210.9 million). Smaller positions include USDC, BNB, and a fraction of a bitcoin.
Yield income
Staking is the process of locking up cryptocurrency to help secure a blockchain and earn rewards. It’s analogous to buying bonds and lending money to the government in return for fixed income yields.
