Vitalik Buterin Responds to Ethereum (ETH) Foundation’s Sales, Announces the New Solution They Are Researching!

Vitalik Buterin, co-founder of Ethereum notable for its sales He said the Ethereum Foundation is exploring ETH staking options.

Ethereum co-founder Vitalik Buterin shared from his X account that the Ethereum Foundation has approximately 1 billion dollars. ETH He stated that he was exploring the idea of ​​staking his assets.

Eric Conner, an angel investor at X, suggested that the foundation could stake its shares and use the staking rewards to pay employees and issue grants.

Responding to this suggestion, Buterin explained that there were two reasons why the foundation did not do this in the past and stated that there may be some dangers in the foundation’s ETH staking:

“Historically, the concerns have been: regulatory risks and having to take a stance against controversial hard forks.

While regulatory concerns have diminished, the second problem remains, but there are certainly ways to minimize it.

We are also looking into staking soon.”

According to Onchain data, Ethereum Foundation sold 100 ETH again today. With this latest sale, the Ethereum Foundation has sold a total of 4,666 ETH (worth $13.3 million) since January 2, 2024.

The concerns historically were (1) regulatory, (2) if EF stakes ourselves, this de-facto forces us to take a position on any future contentious hard fork.

(1) is less than before, (2) remains. There's definitely ways to minimize (2), and we're recently been exploring them.

— vitalik.eth (@VitalikButerin) January 20, 2025

*This is not investment advice.