Illustration of Vitalik Buterin discussing the Ethereum Foundation's focused strategy on core principles like privacy and security.
Illustration of Vitalik Buterin discussing the Ethereum Foundation's focused strategy on core principles like privacy and security.
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Vitalik Buterin signals smaller ethereum foundation focus

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Ethereum co-founder Vitalik Buterin posted on X about shifting the Ethereum Foundation toward a narrower role. He said the organization will prioritize longevity over breadth while reducing ETH sales. The foundation will focus on censorship resistance, openness, privacy and security.

Buterin wrote that the Ethereum Foundation holds roughly 0.16 percent of all ETH. He added that nearly 90 percent of his own net worth is in ETH. The post came after at least eight senior foundation contributors left or announced departures in 2026, with five leaving in May alone.

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Initial reactions on X show mixed sentiments, with many viewing the shift as positive for Ethereum's long-term focus on core values like CROPS, while some express skepticism about implications amid departures and market outflows.

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Illustration of Tom Lee announcing potential slowdown in Ethereum purchases by Bitmine at a Miami conference.
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Bitmine Immersion Technologies is considering slowing its purchases of ether after rapidly accumulating a large stake in the cryptocurrency. Chairman Tom Lee made the remarks during a keynote at Consensus 2026 in Miami on Thursday. The firm has amassed over 5.1 million ETH valued at approximately $11.9 billion.

Vitalik Buterin addressed criticism regarding the Ethereum Foundation's position.

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Former Ethereum Foundation researcher Dankrad Feist has called for a new community-led organization with a $1 billion treasury to better align incentives with Ethereum's growth.

BitMine Immersion Technologies bought 10,000 ETH from the Ethereum Foundation for $23 million in an over-the-counter transaction at $2,292.15 per ETH. This follows a similar sale the prior week and a March deal, with proceeds supporting Ethereum operations, R&D, ecosystem grants, and community initiatives.

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Endowments and foundations are exploring cryptocurrency investments as they anticipate lower returns from traditional assets. High equity valuations and crowded markets are prompting institutions to diversify into bitcoin and ether ETFs. Speakers at a recent conference highlighted the need to venture further on the risk curve to sustain payout models.

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