Ethereum Foundation stakes $93 million of ether in a day, reaching its 70,000 ETH target
CoinDesk
The Ethereum Foundation staked $93 million in ETH, effectively reaching its goal of staking 70,000 ETH to generate treasury yield.Summary
The Ethereum Foundation has deposited 45,034 ETH, worth approximately $93 million, into the Eth2 Beacon Chain. This move brings the foundation's total staked position to nearly 70,000 ETH, fulfilling a commitment announced in February to transform dormant treasury assets into yield-generating holdings. By staking its ETH, the foundation aims to secure the network and earn annual rewards, potentially offsetting operating expenses without the need to sell its holdings, which had previously drawn market criticism.
(Source：CoinDesk)