Ethereum Foundation sells nearly $24 million of ETH to Tom Lee’s Bitmine
The Block
The Ethereum Foundation sold 10,000 ETH to Bitmine Immersion Technologies for approximately $24 million to fund ecosystem development and operations.Summary
The Ethereum Foundation has executed an over-the-counter sale of 10,000 ETH to Bitmine Immersion Technologies, led by Chairman Tom Lee, for roughly $24 million. The foundation stated the proceeds will support core operations, including research, development, and community grants. This transaction follows a similar $10 million sale to the same firm last month as part of the foundation's ongoing treasury management strategy.
(Source：The Block)