The foundation unstaked $50 million worth of ETH in May, adjusting its treasury strategy to fund network development.
The Ethereum Foundation unstaked 38,270 ETH in April and May, including a $50 million sale to Bitmine in an OTC deal. The moves follow a peak of nearly 70,000 staked ETH earlier this year, signaling a shift in funding strategy for protocol development.
The foundation previously faced community backlash over ETH sales, prompting a June 2025 policy update to limit future disposals. Staking participation was cited as a preferred funding mechanism, though recent unstaking suggests ongoing liquidity needs.
Blockchain analytics indicated the unstaking may reflect budget constraints for core development, though no immediate market reaction was reported.