Just caught that the Ethereum Foundation wrapped up its 70,000 ether staking target this week. They dumped another $93 million worth in a few batches, bringing their total staked position to around $143 million. Pretty interesting shift if you ask me — they're moving away from selling ether to cover their ~$100 million annual expenses and now earning yield instead. At current rates, we're looking at roughly $3.9-5.4 million annually from staking rewards. Not huge relative to their budget, but it's something. The foundation still holds over 100,000 unstaked ether though, so the question is whether they'll expand this staking program or keep the rest as liquid reserves. With ether trading around $2,240 now, curious to see if they keep accumulating or hold steady. Definitely a more sustainable model than constantly selling off their stack.

ETH0,86%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin