Ethereum Foundation Stakes $93 Million in ETH: 70,000 ETH Target Reached

The Ethereum Foundation deposited roughly $93 million worth of ETH into staking contracts today, completing its 70,000 ETH staking target that was announced back in February. They did it in a single session, which is a pretty aggressive move for a foundation that historically has been extremely conservative with its treasury.

This matters for a few reasons.

First, 70,000 ETH is now locked in staking and removed from circulating supply. At current prices around $2,050, that is $143 million worth of ETH that cannot be sold on the open market. In a market where everyone is worried about sell pressure, this is a meaningful reduction.

Second, the timing is interesting. The Glamsterdam upgrade is in final testing stages and expected to go live in June 2026. Historically, Ethereum has rallied 20-40% in the weeks leading up to major upgrades. The Merge triggered a 35% rally, Shanghai drew nearly 40%, and Dencun helped ETH surge 20%. The Foundation loading up on staking right before a major upgrade is not a coincidence.

Third, this turns dormant treasury holdings into a yield-generating position. The Foundation has been criticized for years for sitting on a massive ETH stack without contributing to network security. This move addresses that criticism directly.

For perpetual futures traders, the supply reduction is the key signal. Less circulating supply plus incoming upgrade catalyst plus extreme fear sentiment (Fear and Greed at 9) creates an interesting setup. Watch the Buildix deep view for ETH at buildix.trade/pair/ETH to see if the orderflow confirms accumulation.