The Ethereum Foundation has just transferred over 160,000 ETH, worth approximately $610 million, to a brand new multi-signature wallet. The group described the relocation as a planned migration, but size of movement caught many eyes. This represents a significant portion of its assets, and people are understandably interested in what this means for the path forward.
Goodbye old setup, hello new secure wallet
This switch was not random. The foundation has confirmed that it will be retiring its old custom multisig wallet and replacing it with Safe Foundation’s wallet system. Earlier this year, I ran a test using a 3-of-5 multisig setup.
Recent 160,000 ETH transfer was scheduled @ethereumfndn Wallet migration.
0xc06145782F31030dB1C40B203bE6B0fD53410B6d is the new main EF Treasury multisig wallet. https://t.co/5BCwv9YGyT
— hww.eth |Xiaowei Wang (@hwwonx) October 21, 2025
Once satisfied, the team I went ahead and brought it. of the rest Funds under the same structure. This change is the result of several months of tweaking various DeFi tools, including Aave, Cowswap, and Morpho Finance.
The numbers are big, but so are the questions.
Although the Foundation says this is just a routine upgrade, its timing and scale have sparked much debate. In June they shared new plans Contains assignments Approximately 15% of treasury funds are dedicated to growth-related initiatives each year. Over time, that percentage gradually drops to 5%. While the wallet move seems to fit within that plan, the specific timing and switch to a new system suggests something more strategic. It may continue.
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DeFiPunk strategy starts to take effect
In the same June announcement, the foundation introduced a new vision called the “DeFiPunk” approach. The idea was to make more of your finances work with open DeFi protocols while keeping everything secure.
Moving funds to a secure wallet is perfectly consistent with that approach. The foundation appears to be gearing up to become a more active player in the ecosystem, rather than just a benefactor.
Promoting the ETH market and more active financial use
This transition also comes at an interesting time for ETH. Prices recently rose to near all-time highs and have since fallen back a bit. This volatility makes secure financial management even more important.
Safe’s infrastructure is risk of operational side. At the same time, dispersing funds more widely through DeFi could help strengthen parts of the Ethereum ecosystem that don’t necessarily have direct support.
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what everyone is watching now
Now that the money has been moved to a new home, all eyes are on what happens next. Will these ETH allocations be transferred to DeFi projects? How much transparency will the Foundation provide? People will also be looking for signs of profit and whether this new strategy will have an impact on the broader Ethereum network. As the Treasury becomes more active, clear updates may be key to maintaining community engagement.
Will there be a bigger move towards on-chain governance?
Changes like this don’t happen every day, especially not at this level. The Ethereum Foundation does more than just upgrade your wallet setting; It will likely set the tone for how other major companies manage large on-chain treasuries. It remains to be seen whether this will prompt other DAOs and crypto foundations to rethink their own strategies. But one thing is clear: this was not just a technical issue. update; It could mean the start of a more practical and transparent experimental phase in crypto asset management.
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Important points
The Ethereum Foundation has moved over 160,000 ETH (worth $610 million) to its new Safe multisig wallet as part of a planned upgrade.
This move marks a shift away from the Foundation’s old wallet system and is consistent with the Foundation’s strategy to use more DeFi tools for financial management.
The timing of the transition is tied to the company’s ‘DeFiPunk’ strategy, which is expected to see more treasury capital deployed across open DeFi protocols.
Ethereum’s price fluctuations and financial growth plans make secure and flexible money management even more important at this stage.
This wallet change could impact how other large cryptocurrency foundations manage their finances, and signals the beginning of a new era of increased use of on-chain treasury.
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