Ethereum Foundation to stake up to 70,000 ETH as staked supply tops 37.6M

The Ethereum Foundation has started staking part of its treasury, intending to allocate up to 70,000 ETH through infrastructure from Bitwise's Onchain Solutions unit. The program begins with an initial 2,016 ETH deposit and could amount to roughly $140 million at current prices, while network-wide staking has reached about 37.6 million ETH, or 30.2% of the circulating supply.