$20M moved across two months into a fresh wallet
Wallet only spent $2.50—to Vitalik Buterin
Speculation swirls: strategic reserve or future use?
Over the past two months, the Ethereum Foundation has discreetly transferred $20 million in ETH to a brand-new wallet. What’s intriguing is that this wallet has only made one outbound transaction—just $2.50 sent to Ethereum co-founder Vitalik Buterin. This unusual behavior has sparked widespread speculation across the crypto community.
Could It Be a Strategic Reserve?
One theory is that this new wallet is a strategic reserve. Moving such a significant amount to a fresh address might be a part of internal restructuring, a shift in treasury management, or preparation for upcoming initiatives. The tiny $2.50 transaction could be a simple method to verify access and ownership of the new address.
Testing or Security Practice?
Another possibility is that this setup is part of security enhancements or operational testing. Sending a minimal amount from a large wallet is a common way to test configurations, particularly for cold storage or multi-signature wallet setups. It shows that the wallet is functional without risking large funds.
ETHEREUM FOUNDATION MOVES $20M TO NEW WALLET
This wallet received $20M from the Ethereum Foundation over 2 months. It has only ever made one outbound transaction – sending $2.50 to Vitalik.
What is the ETH Foundation cooking?
Address: 0xc06145782F31030dB1C40B203bE6B0fD53410B6d pic.twitter.com/pARmu9YsRQ
— Arkham (@arkham) June 27, 2025
What Might Come Next?
1. Grant Disbursements
This wallet might be used for issuing future grants to developers and projects contributing to the Ethereum ecosystem.
2. Protocol Development Funding
With Ethereum continually evolving, the funds could be reserved for major upgrades or developer bounties.
3. Enhanced Treasury Security
It’s possible the Ethereum Foundation is upgrading its treasury strategy to increase security and control over its assets.
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