The Ethereum Foundation has sent another batch of coins for storage. According to Arkham data, on April 3, the organization directed $46.64 million worth of ether into staking. Now, the total amount of funds blocked by the foundation has reached $96.59 million.

The leading Ethereum treasury company BitMine will earn approximately $164 million per year from ETH staking. According to Happy Coin News, last week BitMine employees purchased 40,302 ether worth $117 million, thereby increasing the company’s digital asset holdings to 4.24 million ETH, valued at $12.4 billion at the current exchange rate (3.52% of the circulating supply).