Ethereum Foundation stakes additional $42 million of ether

About 20,470 ETH, or roughly $42 million, flowed from Ethereum Foundation-linked wallets into the Beacon Chain in a series of coordinated deposits Monday, marking one of the largest visible batches in its ongoing staking rollout. What to know : The Ethereum Foundation staked more than 20,000 additional ETH as part of a broader strategy to put its treasury assets to work. The move builds on a plan announced in February to stake 70,000 ETH and use the resulting rewards to fund operations, research, ecosystem development and grants. The newly staked ETH is expected to earn a 2.7% yield, down from 3.4% earlier this year. The foundation still holds about 147,400 ETH (roughly $303 million) in its treasury.