In brief
- The Ethereum Foundation staked 45,034 ETH worth approximately $93 million in blocks of 2,047 ETH.
- The deposits bring the foundation near its 70,000 ETH strategic target announced in February.
- Annual staking rewards could generate $4-5 million based on current yields.
The Ethereum Foundation staked 45,034 ETH worth roughly $93 million Friday morning, depositing the tokens in blocks of 2,047 ETH to the Eth2 Beacon Chain deposit contract.
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