Approximately 20,470 ETH, equivalent to about $42 million, was transferred from wallets linked to the Ethereum Foundation to the Beacon Chain through a series of coordinated deposit transactions on Monday, marking one of the largest Stake events observed during the organization's Staking rollout.
The Ethereum Foundation is accelerating its efforts to put its reserve assets into operation, with data from Arkham showing the organization Stake over 20,000 ETH on Monday, expanding the number of validators even as yields hover below 3% and ETH price trades around $2,045.
Data from Arkham shows that the transactions were Chia into equal portions of approximately 2,047 ETH.
These deposits follow a strategy first announced in February, when the fund stated it would Stake 70,000 ETH to generate returns for operations. The initial rollout began with a 2,016 ETH deposit and positioned Staking rewards as a funding source for research, ecosystem development, and grants, transforming long-term holdings into a steady income stream.
Based on the CoinDesk Composite Ether Staking Rate (CESR), the fund would receive a yield of approximately 2.7% on its Stake ETH , down from 3.4% at the beginning of the year.
on-chain data shows that the Ethereum Foundation still holds approximately 147,400 ETH (equivalent to $303 million) in reserves.
