The Ethereum Foundation has begun staking its treasury assets, initially deploying 2,016 ETH valued at approximately $5 million. The organization plans to stake up to 70,000 ETH worth roughly $140 million using infrastructure developed by Bitwise’s Onchain Solutions unit. This initiative reflects the growing role of staking within Ethereum’s ecosystem.
The Ethereum Foundation has begun staking part of its treasury through a partnership with Bitwise Asset Management. According to an announcement, the foundation plans to stake up to 70,000 ETH using infrastructure developed by Bitwise’s Onchain Solutions unit. The initiative will begin with an initial deposit of 2,016 ETH, with additional allocations expected over time.
The development coincides with significant growth in Ethereum’s staking ecosystem. Recent data shows that approximately 37.6 million ETH is currently staked, representing about 30.2% of the total circulating supply. The network now supports more than 1.17 million validators.
Staking activity remains concentrated among major providers. Liquid staking protocol Lido currently holds the largest share, controlling about 22.9% of the market with more than 8.6 million ETH deposited. Centralized exchanges such as Binance and Coinbase also rank among the largest staking operators, alongside restaking platforms like Ether.fi.
To support its treasury staking initiative, the Ethereum Foundation will deploy open-source software originally developed by Attestant. Bitwise executives described the foundation’s adoption of the tools as validation of the infrastructure’s security and resilience.
The move signals an evolving treasury strategy for the Ethereum Foundation. By staking a portion of its ETH reserves, the foundation can generate recurring staking rewards while continuing to contribute to network security. At typical Ethereum staking yields of roughly 3–4% annually, a 70,000 ETH allocation could generate over 2,000 ETH in yearly rewards, depending on network conditions.
