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Ethereum Foundation to stake 70K ETH as network staking nears one-third of supply
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The Ethereum Foundation began staging with a share of its treasury, marking a milestone in its financial strategy. Bitwise Asset Management announced that the organization plans to block up to 70,000 ETH using the infrastructure developed by Bitwise’s Onchain Solutions. This initiative started with an initial deposit of 2,016 ETH, valued at approximately $140 million at current prices. This action notes the evolution of the Foundation, which tra…
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