Ethereum Foundation Made Big Transactions Today: Almost Reached Its 70,000 ETH Target! Will There Be More?

The Ethereum (ETH) Foundation has nearly completed its ETH staking goal as of today.

According to the latest Arkham data, the Ethereum Foundation is very close to reaching its staking goal by staking an additional $93 million worth of Ethereum.

The Ethereum Foundation today staked approximately $93 million worth of ether (ETH) in several stages, bringing its total staking volume to approximately 69,500.

He has almost reached his goal of staking 70,000 ETH, which he announced in February.

With this move, the foundation states that it is ceasing to regularly sell ETH to cover its annual expenses of approximately $100 million, and instead focusing on staking revenue, which is estimated to yield between $3.9 million and $5.4 million per year.

While this figure is modest compared to the foundation’s past annual operating expenses, which hovered around $100 million, it shows the foundation is trying to make better use of its idle treasury without selling ETH.

Finally, the fact that the foundation has reached its announced staking target of 70,000 ETH does not mean that the staking process is over.

The foundation still holds over 100,000 unstaked ETH. It has not yet been announced whether more staking will take place or whether the remaining ETH will be held as a liquid reserve.

*This is not investment advice.

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