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    CryptoGate
    Home»Altcoins»Ethereum Foundation Stakes $46M ETH after BitMine Sale, Ramps up 70K Plan
    Altcoins

    Ethereum Foundation Stakes $46M ETH after BitMine Sale, Ramps up 70K Plan

    CryptoGateBy CryptoGateMarch 30, 2026No Comments2 Mins Read
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    The Ethereum Basis has accelerated its treasury staking push, deploying $46.2 million in Ether in its largest transfer up to now after the latest BitMine sale.

    On Monday, the inspiration’s treasury multisignature pockets made 11 deposits into the Ethereum Beacon Deposit Contract, every of roughly 2,047 Ether (ETH), totaling 22,517 tokens price roughly $46.2 million, according to knowledge from Arkham Intelligence.

    The Ethereum Basis started staking ETH in February, depositing 2,016 ETH and outlining plans to stake as much as 70,000 ETH, with rewards reinvested into analysis, ecosystem growth and grants.

    EF staking ETH. Supply: Arkham

    The muse additionally deposited a smaller 31 ETH tranche earlier this month, bringing the entire staked holdings to roughly 24,564 ETH because it shifts to staking to generate yield, slightly than counting on periodic ETH gross sales, which have traditionally drawn criticism.

    Associated: Ethereum builders propose ‘economic zone’ to tackle L2 fragmentation

    EF sells 5,000 ETH to BitMine in OTC deal

    The brand new staking transfer comes after the EF accomplished an over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies, valued at about $10.2 million. The muse mentioned proceeds would assist core operations, together with protocol analysis, ecosystem progress and group grants.

    The transaction marked the foundation’s second direct OTC sale to a company purchaser, following a ten,000 ETH sale to SharpLink Gaming in July 2025.

    The EF at the moment holds about $361 million in onchain belongings, with the overwhelming majority, roughly $360.8 million, held in Ether on the Ethereum community, alongside small balances throughout networks like Arbitrum, Optimism and Bitcoin, in response to Arkham.

    Associated: Ethereum risks losing No. 2 spot as stablecoins gain ground

    Ether value dangers additional decline

    Ether fell beneath the $2,000 stage over the weekend, raising the risk of a deeper correction. Analysts, together with Onur, CryptoWZRD and Ted Pillows, pointed to repeated failures at $2,200 and weakening momentum, with some warning ETH may fall towards the $1,750–$1,850 vary.

    Demand for Ether has additionally turned damaging, hitting its lowest stage in 16 months, according to Capriole Investments.

    Journal: Ethereum’s Fusaka fork explained for dummies — What the hell is PeerDAS?