Ethereum Foundation’s recent ETH sales to Tom Lee’s Bitmine hit $47 million after latest deal
The Block
The Ethereum Foundation sold another $23 million of ETH to Tom Lee’s Bitmine, bringing total recent sales to $47 million.Summary
The Ethereum Foundation has sold an additional 10,000 ETH to Tom Lee’s Bitmine Immersion Technologies for approximately $23 million, following a similar sale one week prior. These combined transactions total $47 million, with the foundation stating that proceeds will support core operations, including research, development, and community grants. While the foundation has previously sought to limit ETH sales, these over-the-counter deals have attracted scrutiny from community members questioning the necessity and frequency of the funding liquidations.
(Source：The Block)