TechFlow News: On March 15, BitMine, Ethereum’s largest treasury company, announced in a post: “We are pleased to have acquired ETH held by the Ethereum Foundation at a mutually agreed-upon price to support its related work. We will continue increasing our ETH holdings.”
Earlier reports indicated that the Ethereum Foundation officially confirmed today finalizing an over-the-counter (OTC) transaction for 5,000 ETH at an average price of $2,042.96, totaling approximately $10.22 million. BitMine served as the OTC counterparty—the largest Ethereum treasury company. This sale will fund the Foundation’s core operations and activities, including protocol research and development, ecosystem development, and community grant programs.
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