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But we saved everything 🙂.
On Friday, the Ethereum Foundation staked another 45,034 ETH, worth about $93 million, bringing its total staked holdings close to the 70,000 ETH target announced in February. Based on the current Ethereum price of around $2,058.64, the total amount staked now stands at roughly 69,500 ETH, meaning the foundation has nearly reached its full stated limit.
The foundation announced its intention to stake around 70,000 ETH on February 24. At that time, the Ethereum Foundation said that staking rewards would flow back into the treasury and that the program was consistent with its previously published treasury policy, in which it stated its goal of earning a reasonable return on assets without departing from Ethereum long-term principles.
Since then, the program has developed in stages. The first tranche totaled 2,016 ETH, followed by another 22,517 ETH on March 30, worth about $46.2 million, and then the latest large deposit of 45,034 ETH on April 3. For the Monday deposit, Arkham recorded 11 equal transfers of about 2,047 ETH each, and the latest top-up effectively became the final step in the plan outlined in February.
The structure of the program matters not only for yield, but also for the role of the foundation itself within the ecosystem. In its official statement, the Ethereum Foundation said it participates directly in consensus through solo staking, using the open-source tools Dirk and Vouch, as well as infrastructure spread across multiple jurisdictions.
For the Ethereum Foundation, this is an attempt to reduce dependence on direct ETH sales as a source of funding. Instead of regularly selling coins into the market, the foundation is moving part of its reserves into an asset that generates native yield while also strengthening the organization role in securing the network.
At a staking yield of around 2.7%, such a position could generate nearly $3.9 million a year at the current ETH price. That does not redefine the entire financial model of the foundation, but it does allow part of the treasury to become a steady source of cash flow without creating immediate selling pressure on the market.
The main significance of this development is that the Ethereum Foundation is now formalizing a more institutional approach to managing its reserves. This is no longer simply about holding ETH on the balance sheet, but about a model in which part of the treasury works as a source of income while the foundation itself becomes more deeply involved in Ethereum consensus.
For the market, this is also a signal. When one of the key organizations in the Ethereum ecosystem stakes nearly 70,000 ETH, it shows that it is playing a long game and does not view its reserves merely as inventory for future selloffs.
As previously covered, Ethereum Foundation releases new mandate outlining principles for network governance.