The Ethereum Foundation boosted its staking activity, depositing roughly $46.2 million in Ether in its largest single move since the BitMine sale. The foundation’s treasury multisignature wallet made 11 deposits into the Ethereum Beacon Deposit Contract, each about 2,047 ETH, totaling 22,517 ETH, per Arkham Intelligence data.
The EF began staking in February with an initial 2,016 ETH deposit and has outlined plans to stake up to 70,000 ETH, with staking rewards earmarked for reinvestment into research, ecosystem development and grants. A smaller 31 ETH tranche was added earlier this month, bringing the foundation’s total staked holdings to about 24,564 ETH as it shifts toward yield generation instead of periodic ETH sales, which have previously drawn criticism.
This staking push follows an over-the-counter sale of 5,000 ETH to BitMine Immersion Technologies, valued at about $10.2 million, with proceeds designated to support core operations including protocol research, ecosystem growth and community grants. The BitMine sale was the foundation’s second direct OTC sale to a corporate buyer, after a 10,000 ETH sale to SharpLink Gaming in July 2025.
Onchain asset balances show the foundation holding roughly $361 million in assets, the bulk of which—about $360.8 million—are held in ETH on the Ethereum network, alongside small balances on Arbitrum, Optimism and Bitcoin, according to Arkham.
Market context: Ether slipped below $2,000 over the weekend, increasing the risk of a deeper correction. Analysts have pointed to resistance near $2,200 and weakening momentum, with some warning ETH could decline toward the $1,750–$1,850 range. Apparent demand for Ether has also turned negative, reaching its lowest level in 16 months per Capriole Investments.
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