Ethereum Foundation, the non-profit looking after Ethereum’s development and growth, has allocated 50,000 ETH (approximately $165 million) from its treasury to boost blockchain’s DeFi ecosystem.
Hsiao-Wei Wang from Ethereum Foundation shared on X that the team has set up a new ⅗ multisig wallet and the transaction of 50k ETH has been initiated already. This multisig will require 3 out of 5 signatures to execute a transaction.
“The EF [Ethereum Foundation] will use this new wallet to participate in the DeFi ecosystem. We’ve made a testing tx on @aave. Stay tuned!” said Wang in his X post.
The move comes a few days after Ethereum co-founder and developer Vitalik Buterin shares upcoming changes within the Ethereum Foundation leadership team. He emphasized on aiming several new goals in EF including improving technical expertise in the team, hiring fresh talent, and being more connected with Ethereum developers.
“We are indeed currently in the process of large changes to EF leadership structure, which has been ongoing for close to a year.” Buterin said, adding “Some of this has already been executed on and made public, and some is still in progress.”
Past this year, Ethereum Foundation has been majorly commended by the crypto community for constantly selling ETH. Since January 2025, EF has sold nearly $14 million of ETH.
This move from the foundation could significantly boost its treasury which has fallen nearly 56% from its all-time high holding. As per Arkham data, Ethereum Foundation’s current crypto holding sits near $877 million.
Also Read: ETH Rebounds After WFL’s Purchase: Could it break $4,000 Soon?
