Ethereum Foundation doubles staked ether, clearing two-thirds of 70,000 ETH target
Summary
The Ethereum Foundation has significantly accelerated its staking efforts, reaching 47,050 ETH—valued at approximately $96.6 million—surpassing two-thirds of its 70,000 ETH target. This move is part of a 2025 treasury policy overhaul aimed at generating yield on assets to support ecosystem development, marking a shift away from the foundation's previous reliance on periodic ETH sales to fund operations. By staking its reserves and deploying capital into DeFi platforms, the foundation seeks to act as a sustainable steward of the network.
(Source:The Block)