Ethereum Foundation Is Less Than 500 ETH Away From Hitting 70K Staked ETH Goal
The Ethereum Foundation (EF), a non-profit organization that leads the development of the Ethereum ecosystem, issued more than 45,000 Ether (ETH) shares on Friday, bringing the total amount sold to 69,500 ETH, less than 500 coins short of the foundation's 70,000 goal.
EF traded the coins in a series of transactions, each consisting of 2,047 ETH, with the total amount raised on Friday estimated at more than $92.2 million, according to data from Arkham Intelligence.
EF began stockpiling ETH in February as part of the updated Treasury strategy policy announced in June 2025, and will use the proceeds to fund protocol research, development and ecosystem support. EF said in its updated Treasury Policy:
“We are now transitioning to staking and DeFi, both to support a key application category that is delivering on the promise of enabling financial sustainability and guaranteeing access to basic civil infrastructure for millions of people today.
The foundation had 2,016 ETH worth about $4.1 million in February, then 22,517 ETH, worth $46.1 million in March. According to Arkham Intelligence, EF has locked up more than $143 million in ETH in the Ethereum Beacon Deposit Contract.
The adoption of a yielding treasury strategy follows a push by the Ethereum community on EF to generate revenue from the treasury to cover costs, rather than selling tokens to fund ongoing operations.
Related: Ethereum Foundation Sells $10.2M Value to BitMine in OTC Deal
Vitalik Buterin warns that EF clamping can force places in hard forks
Proof-of-stake (PoS) Validators that lock tokens to secure blockchain networks can affect which chain operates in the event of a network hardfork, or the splitting of a network into two competing chains.
Ethereum founder Vitalik Buterin said in January 2025, “If we enter EF, ourselves, this fact forces us to take a position on any future controversial hard fork.”
EF is exploring ways to mitigate centralization risks posed by its actions in the event of a contentious hard fork, Buterin added.
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