Ethereum Foundation Sells 5,000 ETH Despite Its Staking Program
The post Ethereum Foundation Sells 5,000 ETH Despite Its Staking Program appeared on BitcoinEthereumNews.com.
TLDR: The Ethereum Foundation converted 5,000 ETH worth roughly $11.1M to stablecoins via CoWSwap on April 8. A March OTC sale of 5,000 ETH to BitMine at $2,042.96 shows selling ran alongside staking for weeks. Annual staking yield from 70,000 ETH equals only about 33% of EF’s first-quarter 2025 grant spending. EF’s fiat-denominated reserve target means weaker ETH prices could force more monetization, not less. Ethereum Foundation ETH sales have continued alongside its 70,000 ETH staking program, contradicting a widely held market belief that staking had ended direct treasury offloads. On April 8, the foundation converted 5,000 ETH, worth approximately $11.1 million, into stablecoins via CoWSwap. The move reopened a broader debate about whether staking rewards and DeFi borrowing can ever fully replace the need to sell ETH. Staking Never Replaced Direct ETH Sales Ethereum Foundation ETH sales returned to focus after the foundation announced a 5,000 ETH conversion to stablecoins on April 8. The transaction was executed through CoWSwap’s TWAP feature to fund research, grants, and donations. At an ETH price near $2,220.76, the conversion equaled approximately $11.1 million. The announcement followed a separate 5,000 ETH OTC sale to BitMine on March 14, at an average price of $2,042.96. THE ETHEREUM FOUNDATION IS SELLING The Ethereum Foundation just sold 1250 ETH for $2.80M in DAI. The Ethereum Foundation has stopped staking ETH and has started selling ETH. pic.twitter.com/70U29yK5M7 — Arkham (@arkham) April 11, 2026 By April 3, on-chain data showed the staking total had reached roughly 69,500 ETH, close to the 70,000 ETH target. Selling and staking had therefore been operating side by side for weeks before the April announcement. A Reddit post in early April argued the foundation was “no longer selling,” with commenters treating the staking shift as a positive change. The April 8 conversion arrived shortly…
Filed under: News - @ April 12, 2026 3:28 am