The move is designed to support the foundation’s ongoing development, grants, and research initiatives as part of its treasury management strategy.
According to the foundation, the conversion aligns with its long-standing policy of maintaining a balanced fiat reserve for operational expenses. When Ethereum’s price drifts significantly from its target ratio, small-scale ETH sales are conducted to ensure financial stability and continued funding for ecosystem growth.
The organization said the decision was not just financial but symbolic, showcasing how decentralized finance can serve practical, transparent use cases. “This transaction helps fund our work while demonstrating the real‑world utility of DeFi,” the foundation noted in a statement shared Friday.
Ethereum Prepares for Fusaka Upgrade
The announcement coincides with renewed technical progress across the Ethereum network. Developers have confirmed that the long‑awaited Fusaka upgrade is now officially scheduled, beginning with two testnet deployments in October before a full mainnet rollout expected by late November.
Fusaka is expected to bring key improvements to Ethereum’s scalability and efficiency, forming part of a broader roadmap that aims to make the blockchain faster, cheaper, and more accessible for developers and end users alike.
Ethereum’s Vision for the Next Decade
Dankrad Feist, a protocol architect at the Ethereum Foundation, said the network’s long‑term mission is to make blockchain technology indistinguishable from mainstream financial tools. “Within the next decade, most blockchain users will be regular consumers,” Feist explained. “They won’t want to manage wallets or complex interfaces – they’ll expect seamless, fintech‑like experiences.”
As Ethereum edges closer to the Fusaka release and continues to fine‑tune its financial management practices, the foundation’s latest move underscores its dual focus: advancing research and infrastructure while modeling real‑world use of the very technology it builds.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.