The Ethereum Foundation stepped up staking activity by depositing roughly $46.2 million worth of ETH into the Beacon Deposit Contract — its largest single staking move since the BitMine sale. Arkham Intelligence shows the foundation’s treasury multisig executed 11 deposits of about 2,047 ETH each, totaling 22,517 ETH.
The foundation began staking in February with an initial 2,016 ETH deposit and has said it plans to stake as much as 70,000 ETH. Staking rewards are intended to be funneled back into research, ecosystem development and grantmaking. A smaller 31 ETH addition earlier this month brings the foundation’s total staked holdings to approximately 24,564 ETH as it shifts emphasis from periodic ETH sales toward yield generation. Those sales had previously attracted criticism.
This staking activity follows a 5,000 ETH over-the-counter sale to BitMine Immersion Technologies, valued at about $10.2 million, with proceeds earmarked for core operations including protocol research, ecosystem growth and community grants. That sale was the foundation’s second direct OTC transaction with a corporate buyer, after a 10,000 ETH sale to SharpLink Gaming in July 2025.
Onchain balance snapshots show the foundation holds around $361 million in total assets, with roughly $360.8 million held in ETH on the Ethereum network and small remaining balances on Arbitrum, Optimism and Bitcoin, according to Arkham.
Market conditions add context to the move: Ether dipped below $2,000 over the weekend, raising concerns of a deeper correction. Analysts point to resistance near $2,200 and waning momentum, warning prices could slide toward roughly $1,750–$1,850. Data provider Capriole Investments reports apparent demand for Ether has turned negative, reaching its weakest level in about 16 months.
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