The Ethereum Foundation, non-profit organization supporting Ethereum development, has begun staking part of its treasury to generate network rewards. The initiative uses open-source infrastructure developed and maintained by Bitwise Onchain Solutions, institutional staking infrastructure provider.
Bitwise Asset Management, global crypto asset manager managing over $15 billion, said its onchain division is responsible for maintaining the tools used in the staking program. The first transaction included a deposit of 2,016 $ETH. Over time the foundation plans to increase the amount to about 70,000 $ETH, which is valued at more than $140 million at current market prices.
cryptonews.net