Ethereum Foundation's Treasury Sales Continue Despite Staking Initiative

The Ethereum Foundation (EF) has been making headlines in recent months for its innovative approach to managing its treasury. In April, the foundation announced that it would convert 5,000 ETH into stablecoins through CoWSwap's TWAP feature to fund research, grants, and donations.

However, this move has sparked debate over the foundation's original intention behind its treasury overhaul. The EF had previously moved its treasury assets into decentralized finance (DeFi) platforms, borrowed against ETH collateral, and launched a staking initiative centered on 70,000 ETH.

But the reality is that the foundation's June 2025 treasury policy suggested a different model. It tied monetization to a fiat-denominated operating buffer and kept ETH sales, staking, and stablecoin borrowing within the same treasury framework.