Ethereum Foundation grants Argot Collective another $4.3M in stETH

The Ethereum Foundation has invested an additional 2,469 stETH, valued at approximately $4.34 million, in the non-profit research and development organization Argot Collective. This follows a previous grant of 7,000 ETH last year. After receiving the earlier grant, Argot sold 4,826.6 ETH at an average price of $3,194 to secure about $15.42 million in USDC. The Ethereum Foundation is scheduled to provide a final, fifth tranche of operational funding of the same amount, 2,469 stETH, in July 2027.