- The network targets 70,000 ETH stake, equivalent to about $140 million.
- The staking raises optimism about EF’s commitment to the Ethereum network.
The Ethereum Foundation (EF) has staked over $46.2 million worth of ETH, the single largest deposit in a bid to reach its 70,000 ETH or $140 million target. The record stake totals 22,517 ETH, taking the foundation closer to achieving the target it set in February 2026, with an initial deposit of 2,016 ETH.
The foundation commented at the time it announced the staking program, “We are excited to take this important step, which helps secure the Ethereum network and at the same time fund the EF’s core operations and activities, including protocol R&D, ecosystem development, community grant funding, and more.”
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A Strong Signal Amid ETH Turbulence And Community Pressure
The latest staking event by EF marks a pivotal moment at a time when ETH is under pressure. ETH’s price has struggled to reclaim even 50% of its record above $4,800 due to the protocol’s own issues and overall crypto rout.
Previously, investors raised criticisms over EF’s strategy of periodic ETH sales to finance operations, which added to ETH’s price slump. Concerns were also raised over the protocol’s long-term commitment, as co-founder Vitalik Buterin also sold his personal ETH holdings.
With the renewed strategy, EF sends a positive signal by tying capital to its own network, while also earning staking rewards to fund the protocol’s development.
