Ethereum Foundation finalizes sale of 10,000 ether to BitMine as part of its treasury strategy
CoinDesk
The Ethereum Foundation sold 10,000 ETH to BitMine for $22.9 million to support ongoing operations and treasury management.Summary
The Ethereum Foundation has executed an over-the-counter sale of 10,000 ether (ETH) to BitMine Immersion Technologies, led by Tom Lee, for approximately $22.9 million. This transaction, executed at an average price of $2,292.15 per token, is part of the foundation's formal treasury management strategy designed to fund core development, ecosystem growth, and community grants while minimizing market impact. This deal follows a similar transaction from March, solidifying BitMine's position as a significant institutional holder of ETH and demonstrating the foundation's commitment to consistent, transparent treasury liquidation practices.
(Source：CoinDesk)