The Ethereum Foundation has begun staking a portion of its treasury, marking a milestone in its financial strategy. Bitwise Asset Management announced that the organization plans to lock up to 70,000 ETH using infrastructure developed by Bitwise’s Onchain Solutions. This initiative started with an initial deposit of 2,016 ETH, valued at approximately $140 million at current prices.
This action reflects the evolution of the Foundation, which traditionally funded development through grants and periodic asset sales. Now, by staking, it can generate recurring rewards—estimated at over 2,000 ETH annually—while contributing to the security of the network. This occurs as the Ethereum staking ecosystem expands rapidly, surpassing 37.6 million staked ETH, which represents approximately 30.2% of the total circulating supply.
For these operations, the Foundation will use open-source software acquired by Bitwise in 2024, specifically Dirk, a distributed signer that allows for operating validators across multiple jurisdictions, and Vouch, which enables running multiple validator clients simultaneously, reducing the risk of downtime. The success of this initiative could influence other institutional treasuries to adopt similar staking strategies.
Source:https://goo.su/lMeyzqY
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