The Ethereum Foundation completed its third over-the-counter sale of 10,000 ETH to BitMine Immersion Technologies, valued at roughly $22.9 million. The transaction funds the foundation's operations, including research and community grants. This follows similar sales last week and in March.
The Ethereum Foundation sold 10,000 ETH to BitMine Immersion Technologies in an over-the-counter deal at an average price of $2,292 per coin. The sale, worth about $22.9 million, marks the third such transaction with BitMine. “This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote in a Friday post on X, as quoted in reports on the event.
