Ethereum Foundation sells 10,000 ETH to Bitmine to fund core operations

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The Ethereum Foundation bolsters its resources through strategic sales to finance broader ecosystem initiatives.

The Ethereum Foundation said Friday it sold 10,000 ETH for about $24 million in an OTC transaction with Bitmine Immersion Technologies, the largest ETH corporate holder. The team plans to use proceeds to support research, development, ecosystem expansion, and grant programs as part of its treasury management framework.

0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC.

Ethereum Foundation sells 10,000 ETH to Bitmine to fund core operations

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