The Ethereum Foundation has stepped up its treasury staking efforts, deploying $46.2 million worth of Ether in its largest move so far following the recent BitMine sale.
On Monday, the foundation’s treasury multisignature wallet made 11 deposits into the Ethereum Beacon Deposit Contract, each totaling around 2,047 ETH, bringing the total to 22,517 tokens—valued at approximately $46.2 million—according to data from Arkham Intelligence.
The foundation began staking ETH in February, initially depositing 2,016 ETH and outlining plans to stake as much as 70,000 ETH, with rewards set to be reinvested into research, ecosystem development, and grant funding.
The foundation also staked an additional 31 ETH earlier this month, bringing its total staked holdings to around 24,564 ETH. This shift reflects a broader strategy to generate yield through staking rather than relying on periodic ETH sales, which have previously faced criticism.
EF sells 5,000 ETH to BitMine in OTC deal
The latest staking move follows the foundation’s over-the-counter (OTC) sale of 5,000 ETH to BitMine Immersion Technologies, valued at roughly $10.2 million. According to the foundation, the proceeds will be used to support core operations, including protocol research, ecosystem development, and community grants.
This marks the foundation’s second direct OTC sale to a corporate buyer, after a previous sale of 10,000 ETH to SharpLink Gaming in July 2025.
The Ethereum Foundation currently holds about $361 million in on-chain assets, with the vast majority—approximately $360.8 million—held in Ether on the Ethereum network. It also maintains smaller balances across networks such as Arbitrum, Optimism, and Bitcoin, according to Arkham data.
Ether price risks further decline
Ether dropped below the $2,000 mark over the weekend, increasing the likelihood of a deeper correction. Analysts including Onur, CryptoWZRD, and Ted Pillows noted repeated resistance around $2,200 and weakening momentum, with some warning that ETH could fall toward the $1,750–$1,850 range.
Demand for Ether has also turned negative, reaching its lowest level in 16 months, according to Capriole Investments.
