Putting the treasury to work: The Ethereum Foundation just staked 70,000 ETH to fund its future
The Ethereum Foundation has staked 70,000 ETH, valued at approximately $120 million, to support its future initiatives and development. This move aims to generate sustainable income for the foundation while contributing to the security of the Ethereum network. The staked ETH will be used to fund various projects and research efforts within the Ethereum ecosystem. This decision reflects the foundation's commitment to long-term growth and stability in the evolving blockchain landscape.
Read the full article: CoinDesk