Ethereum Foundation stakes additional $42 million of ether

The Ethereum Foundation is stepping up its efforts to put treasury assets to work, with data from Arkham showing it staked more than 20,000 $ETH on Monday, expanding its validator footprint even as yields hover below 3% and ether trades near $2,045.

Arkham data shows the transfers were split into uniform chunks of roughly 2,047 $ETH.

The deposits extend a strategy first outlined in February, when the foundation said it would stake 70,000 $ETH to generate yield for operations. That initial roll-out began with a 2,016 $ETH deposit and positioned staking rewards as a funding source for research, ecosystem development and grants, turning long-held reserves into a steady income stream.

Based on the CoinDesk Composite Ether Staking Rate (CESR), the foundation will get a 2.7% yield from its staked $ETH. This is down from 3.4% earlier in the year.

Onchain data shows that the Ethereum Foundation has another 147,400 $ETH ($303 million) in its treasury.