Ethereum foundation's latest $93m staking push brings it closer to 70,000 ETH target

The Ethereum Foundation staked 45,034 ETH, valued at about $93 million, on Friday morning, bringing its total staked holdings to roughly $143 million and putting it close to the 70,000 ETH staking target it outlined earlier this year.

Deposit details and progress toward the target

The 45,034 ETH deposit was split into equal batches of 2,047 ETH each, valued at approximately $4.23 million per batch, and transferred from the foundation’s treasury multisig wallet to the Eth2 Beacon Chain deposit contract, according to data tracked by Arkham Intelligence.

Thursday’s deposits lifted the Ethereum Foundation’s total staked holdings to around 69,500 ETH (worth roughly $143 million). With institutional staking yields currently ranging between 2.7% and 3.8% APY, the Foundation could generate an estimated $3.9 million to $5.4 million in annual returns.

Treasury portfolio and remaining unstaked ETH

Arkham Intelligence data shows the Ethereum Foundation’s portfolio at roughly $271 million across 14 addresses, with ETH dominating at about 102,400 ETH (around $209 million). Smaller holdings include USDC, BNB, and a modest amount of Bitcoin.

While the latest deposits bring the foundation near its 70,000 ETH milestone, reaching that level does not necessarily end its staking activity. The foundation still holds more than 102,000 ETH that remains unstaked, and it has not yet disclosed whether it will expand the program further or keep the remaining assets as liquid reserves.

Strategic shift and rationale

The Ethereum Foundation began staking in February with an initial 2,016 ETH, and it previously indicated plans to deploy roughly 70,000 ETH (worth about $143 million today) in total. The move positions the foundation as an active participant in Ethereum’s consensus process while earning yield from treasury holdings.

The staking push also aligns with the foundation’s revamped June 2025 treasury strategy, which signals a more aggressive approach to putting its ETH reserves to work—using staking to support ecosystem growth and long-term sustainability.

The shift to staking represents a change from the foundation’s earlier approach of funding operations through periodic token sales, a strategy that had drawn criticism from some parts of the crypto community.

Market context

The latest deposits came as Ethereum traded at around $2,054 at press time, marking a 3.5% gain over the past seven days.