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TechFlow reports that on March 15, the Ethereum Foundation announced it had sold 5,000 ETH via over-the-counter (OTC) transactions at an average price of $2,042.96 per ETH to BitMine, for a total value of approximately $10.38 million. The proceeds will fund the Foundation’s core operations and activities, including protocol research and development, ecosystem growth, and community grants.
The Ethereum Foundation announced that it has sold 5,000 ETH via over-the-counter (OTC) transactions at an average price of $2,042.96 per ETH, with BitMine as the counterparty, for a total value of approximately $10.38 million. This sale funds the Foundation’s core operations and activities, including protocol research and development, ecosystem growth, and community grants.
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