Ethereum Foundation Breaks Its Own Record With a $46.2 Million ETH Staking
BeInCrypto
The Ethereum Foundation staked $46.2 million worth of ETH, its largest staking event to date, signaling a shift from selling to staking for funding.Summary
The Ethereum Foundation (EF) recently staked approximately $46.2 million worth of Ether (ETH), marking its single-largest staking event. This move represents a significant acceleration of the Foundation’s treasury staking initiative, which began in late February with a smaller deposit. The EF aims to stake around 70,000 ETH, which would equate to over $140 million at current prices. This shift to staking addresses past criticisms regarding ETH sales to fund operations, as staking generates yield without reducing the Foundation’s treasury and supports network security. The deposit arrives during a period of market turbulence for ETH, offering a positive signal of the Foundation’s commitment to the network.
(Source：BeInCrypto)