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Ethereum Foundation Stakes Another 45,034 ETH, Nearing 70,000 ETH Staking Goal

Highlights:

  • Ethereum Foundation continues its treasury staking strategy with another 45,034 ETH deposit this week.
  • It is now staking treasury Ether to earn rewards instead of selling holdings.
  • Those rewards can help fund grants, research, and wider Ethereum ecosystem growth.

The Ethereum Foundation has staked another 45,034 Ether worth about $93.11 million, according to on-chain tracker Lookonchain, which flagged the move on 3 April. The new deposit adds to the foundation’s recent staking activity.

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Ethereum Foundation Moves Closer to 70,000 ETH Staking Goal

The move follows the Ethereum Foundation’s 24 February announcement that it had begun staking part of its treasury under a policy introduced last year. The foundation said about 70,000 ETH would be staked, and the rewards would go back to the treasury to support the foundation’s work. Alongside the announcement, it also staked 2,016 ETH worth about $3.67 million.

“We are excited to take this important step, which helps secure the Ethereum network and at the same time fund the EF’s core operations & activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation stated at that time.

This was not the foundation’s first big staking move in recent days. On 30 March, it staked another 22,517 ETH, worth about $46.2 million at that time. It was the company’s largest single staking move and pushed the foundation’s total staked ETH to 24,623. The new 3 April transfer would lift the total to 69,657 ETH, worth roughly $143 million, which is very close to its stated 70,000 ETH target.

Foundation Shifts From ETH Sales to Staking Rewards

For years, the Ethereum Foundation mainly covered its expenses by selling ETH from its treasury. However, that approach often drew criticism because regular sales could weigh on Ether’s price and slowly reduce the foundation’s holdings over time.

Now, the foundation is taking a different path. Instead of selling ETH, it is staking part of its treasury to earn rewards. This allows the organization to keep its Ether while generating income from the network. Those rewards can then help fund research, developer grants, and broader ecosystem growth. At the same time, the staked ETH also helps support Ethereum’s security and transaction validation.

The Ethereum Foundation is using open-source tools, including Vouch and Dirk, for its staking setup. In March, Bitwise said its on-chain solutions team was helping develop and maintain the system. Bitwise built the setup to make staking safer and more reliable. It uses distributed signing across several jurisdictions and supports multiple clients instead of depending on just one software system. As a result, the structure lowers risk and makes the overall staking system stronger.

Ethereum Price Holds Key Support

Ether was trading at $2,056, up 1.33% over the last 24 hours. Its market value reached $248.44 billion. However, its daily trading volume rose 70.71% to $13.97 billion.

According to crypto analyst Ali Martinez, Ethereum is still moving inside a broad long-term price channel. He highlighted $1,551 and $1,070 as the main support levels if the price moves lower. On the upside, the chart shows the upper boundary near $4,870, which could become a key target if ETH regains strong momentum.

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