The Ethereum Foundation has accelerated its treasury staking efforts with a $46.2 million investment in Ether, its largest move yet following the recent sale of BitMine.
On Monday, the foundation’s multi-signature treasury wallet made 11 deposits into the Ethereum Beacon deposit agreement, each worth approximately 2,047 Ether (ETH), for a total value of 22,517 tokens worth approximately $46.2 million. According to to Arkham Intelligence data.
The Ethereum Foundation began ETH staking in February, depositing 2,016 ETH and presenting plans to stake up to 70,000 ETH, with rewards to be reinvested in research, ecosystem development and grants.
Earlier this month, the foundation also deposited a smaller tranche of 31 ETH, bringing the total stake amount staked to approximately 24,564 ETH as it shifts to profit-generating staking rather than relying on periodic ETH sales, which has faced criticism in the past.
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EF sells 5,000 ETH to BitMine in an OTC transaction
The modern staking move comes after EF completed the over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies worth approximately $10.2 million. The foundation said proceeds would support core activities including protocol research, ecosystem development and community grants.
This transaction was the foundation’s second direct OTC sale to a corporate buyer, following the sale of 10,000 ETH to SharpLink Gaming in July 2025.
EF currently holds approximately $361 million in onchain assets, the immense majority of which, approximately $360.8 million, is held in Ether on the Ethereum network, along with miniature balances on networks such as Arbitrum, Optimism and Bitcoin, according to Arkham.
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There is a risk of further decline in ether prices
Ether fell below the $2,000 level over the weekend, increasing the risk of a deeper correction. Analysts including Onur, CryptoWZRD and Ted Pillows pointed to repeated failures at the $2,200 level and weakening momentum, warning that ETH could fall towards the $1,750-$1,850 range.
Ether demand also turned negative, reaching a 16-month low According to to Capriole Investments.
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