Ethereum Foundation Starts Staking Treasury Amid Vitalik Buterin's ETH Sales

In brief

• The Ethereum Foundation staked around $3.8 million worth of ETH as part of previously announced treasury operations.
• The organization intends to stake up to 70,000 ETH, or $129 million worth, over time to generate yield.
• The move comes amid a string of ETH sales from Ethereum founder Vitalik Buterin, who will use proceeds to help fund the Foundation’s initiatives.