Key Takeaways:
The Ethereum Foundation on Thursday staked 45,034 ether (ETH), worth approximately $93 million, to complete a treasury staking goal of 70,000 ETH valued at roughly $143 million.
The transactions were sent in multiple batches from the foundation's treasury multisig to the Eth2 Beacon Chain deposit contract, according to on-chain data from Arkham Intelligence. The move finalizes a program, first announced in February, to generate yield from its holdings rather than selling them to fund operations. At an ETH price of $2,060, the staked assets represent a significant strategic shift for Ethereum's core development entity.
This new policy pivots the foundation away from its historical practice of selling ETH, which drew criticism for creating predictable sell pressure on the market. Instead of liquidating its principal holdings, the foundation will now use staking rewards, estimated to generate between $3.9 million and $5.4 million annually, to help fund research, grants, and protocol development. The shift aligns the foundation with other long-term holders and institutions.
The decision tightens Ethereum’s available supply, a factor analysts see as structurally bullish. Approximately 38 million ETH, or about 30 percent of the total circulating supply, is now locked in staking contracts, per blockchain data. While the foundation has completed its initial 70,000 ETH target, it still holds over 100,000 unstaked ETH, and has not announced whether it will expand the program.
This article is for informational purposes only and does not constitute investment advice.
