# @lookonchain: Ethereum Foundation deposited 10,000 ETH ($42.7M) to Kraken

Source: https://x.com/lookonchain/status/1963042752054362249
Kiwi News: https://news.kiwistand.com/stories/lookonchain-Ethereum-Foundation-deposited-10000-ETH-dollar427M-to-Kraken?index=0x68b7e3e1bd2f4f9f24e7c713177af334080fb605998b1207a6bfd5279d92e9f99904fc73
Submitted by tim on 2025-09-03 UTC, 1 upvote, 0 comments

The #EthereumFoundation deposited 10,000 $ETH($42.7M) into #Kraken 5 hours ago and will sell it to fund R&D, grants, and donations.

The #EthereumFoundation public wallets currently hold 224.8K $ETH($1.05B).

https://intel.arkm.com/explorer/entity/ethereum-foundation