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Ethereum Foundation to Convert 5,000 ETH to Stablecoins via CoWSwap TWAP

The measured sale reflects a pivot to DeFi-native treasury operations.

Overview

  • The Ethereum Foundation, which announced the plan Wednesday, will sell 5,000 ETH through CoWSwap’s time-weighted average price tool to fund R&D, grants, and donations.
  • TWAP spreads many small trades over time to cut slippage and limit sharp price moves, which signals a controlled funding move rather than a single large sell order.
  • At about $2,200 per ETH, the sale is roughly $11 million and under 5% of the foundation’s estimated 102,000 ETH reserve, according to Arkham Intelligence.
  • The step extends a June 2025 policy that routes treasury actions through DeFi, following a 1,000 ETH TWAP sale in October 2025 and a plan to stake up to 70,000 ETH.
  • CryptoSlate estimates staking yields near 2.7% to 3.0% would earn around 2,000 ETH a year on 70,000 ETH, which indicates periodic sales still cover much of the dollar budget.