Ethereum Foundation stakes an additional $93 million worth of ether… closing in on 70,000 ETH target
Summary
- The Ethereum Foundation reportedly staked an additional $93 million worth of ether, bringing its total staked amount to around 69,500 ETH.
- The move is part of the Foundation’s stated “70,000 ETH staking” plan; it had been adding positions in stages but is said to have staked the remaining amount in one go.
- The Foundation expects annual staking income of about $3.9 million–$5.4 million and still holds more than 100,000 ETH unstaked, suggesting it could further increase staking.
Forecast Trend Report by Period
The Ethereum (ETH) Foundation has effectively wrapped up its effort to meet its staking target by staking an additional roughly $93 million (about 125 billion won) worth of ether.
On the 3rd, CoinDesk, citing Arkham data, reported that the Ethereum Foundation deployed a total of 45,034 ETH into staking across multiple transactions. As a result, the Foundation’s total staked amount increased to around 69,500 ETH.
The move is seen as part of the Foundation’s “70,000 ETH staking” plan announced on the 21st. While it had been adding positions in stages, it appears to have staked the remaining amount in one go on the day.
Staking involves depositing crypto assets to help operate the network in exchange for rewards, and the Foundation expects to earn roughly $3.9 million to $5.4 million a year through staking. This reflects a shift away from the previous approach of selling ether to cover operating expenses, toward a structure that generates income by putting its holdings to work.
Still, the Foundation continues to hold more than 100,000 ETH that is not staked, leaving room to further increase its staking exposure.
Uk Jin
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