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Home»Altcoins»Ethereum Foundation is approaching its 70,000 ETH goal – details
Altcoins

Ethereum Foundation is approaching its 70,000 ETH goal – details

2026-04-04No Comments3 Mins Read
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On Friday, April 3, the Ethereum Foundation staked more than 45,000 Ether (ETH) tokens on the smart contract platform. This latest betting action brings the total amount of ETH committed by the foundation to approximately 69,500 coins, approximately 500 Ethers short of the foundation’s goal of 70,000 ETH staked.

Ethereum Foundation stakes 45,000 ether in one day

According to data from Arkham Intelligencethe Ethereum Foundation has continued to deploy its coins and is now on the verge of reaching its goal of 70,000 ETH. This milestone came into view on Friday after a series of transactions, totaling 45,000 ETH, each consisting of 2,047 ETH, pushed the foundation towards the goal on Friday.

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Blockchain analytics data shows that the ETH transfers, worth more than $92.2 million, went from the Ethereum Foundation’s treasury to the Ethereum Beacon Deposit Contract for deployment. The foundation began deploying portions of its Ether holdings in February, following its treasury policy change last June.

The foundation wrote in its new treasury policy:

We have long simply owned ETH, but are now increasingly turning to staking and DeFi, both to increase financial sustainability and to support an important application category that delivers on the promise of permissionless secure access to the basic infrastructure of civilization for millions of people today.

The EF staked 2,016 ETH in February 2016, worth approximately $4.1 million, and followed up with another 22,517 ETH, worth approximately $46.1 million, in March. Data from Arkham Intelligence now shows that the Ethereum Foundation has committed more than $143 million worth of ETH to date in the Ethereum Beacon Deposit Contract.

See also  $137 million moved by long-sleeping whale, market braces for impact

As part of its updated strategy, the EF announced that it will periodically sell Ether to cover the deviation of the Treasury’s fiat-denominated assets from the Opex Buffer. Most recently the organization announced its completion from a sale of 5,000 ETH in an over-the-counter deal.

However, it appears that the foundation is now changing its strategy by locking up its ETH to generate returns rather than selling it to cover costs. This move comes after significant pressure from the Ethereum community.

Ethereum price overview

The price trend of ETH has been a constant source of concern for the Ethereum community in recent months. The second-largest cryptocurrency is currently down 60% from its all-time high price of $4,946 reached in August 2025.

At the time of writing, ETH’s price is just above the $2,000 level, with no significant change in the last 24 hours. According to data from CoinGecko, the altcoin is up more than 2% over the past seven days.

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Ethereum
The price of ETH on the daily timeframe | Source: ETHUSDT chart on Trading view

Featured image from iStock, chart from TradingView

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Approaching Details ETH Ethereum Foundation goal
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