The Ethereum Foundation has initiated a plan to convert approximately 5,000 ETH, valued at nearly $11 million, into stablecoins to support operational costs, research, and grant funding across the Ethereum ecosystem. The conversion is being executed through CoWSwap using its Time-Weighted Average Price (TWAP) feature to minimize market impact.
CoWSwap TWAP Strategy Supports Funding Stability
The ongoing transactions are sourced from a wallet identified by Arkham Intelligence as the “Ethereum Foundation DeFi Ecosystem” wallet. Each TWAP transaction has been valued at just under $1 million, marking the foundation’s first use of TWAP sales since October, when it sold 1,000 ETH worth about $4.5 million at the time.
The wallet itself was funded with 50,000 ETH in January 2025, reflecting a broader shift in treasury management. The foundation previously faced criticism over recurring ETH sales and has since adopted alternative funding approaches.
Treasury Strategy and Recent ETH Sales
Earlier in March, the Ethereum Foundation sold 5,000 ETH, worth about $10.2 million, to BitMine Immersion Technologies through an over-the-counter transaction. A prior sale of 10,000 ETH was completed with SharpLink Gaming in July 2025, marking continued institutional treasury engagement.
Current Holdings and Staking Plans
According to Arkham data, the Ethereum Foundation’s main wallet currently holds 102,000 ETH valued at roughly $228 million, along with 21,000 AETHWETH worth about $47 million and 6,000 WETH valued near $14 million. The foundation also holds approximately $1 million in DAI and USDC stablecoins.
The organization has also staked 47,050 ETH, moving toward its 70,000 ETH staking target, while co-founder Vitalik Buterin has independently converted portions of ETH into stablecoins to support open-source development initiatives.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.