Ethereum Foundation Puts Another $42 Million in Ether (ETH)

The Ethereum Foundation is ramping up its efforts to float treasury assets, with data from Arkham showing it staked more than 20,000 ETH on Monday, expanding its validator footprint, even as yields are below 3% and ether is trading near $2,045.

Arkham data shows that the transfers were split into uniform chunks of around 2,047 ETH.

The deposits extend a strategy first outlined in February, when the fund said it would stake 70,000 ETH to generate returns for operations. The initial rollout began with a deposit of 2,016 ETH and positioned stake rewards as a source of funding for research, ecosystem development and grants, turning long-term reserves into a stable income stream.

Based on the CoinDesk Composite Ether Staking Rate (CESR), the fund will earn a 2.7% return on its staked ETH. This is down from 3.4% earlier in the year.

Onchain data shows that the Ethereum Foundation has an additional 147,400 ETH ($303 million) in its treasury.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top