TechFlow reports that on May 2, according to official announcements, the Ethereum Foundation sold 10,000 ETH to Bitmine via an over-the-counter (OTC) platform at an average price of $2,292.15.
Combined with a similarly sized transaction one week earlier, the total sale amount has reached approximately $47 million.
The Foundation stated that proceeds from this sale will support EF’s core operations and activities, including protocol development, ecosystem growth, and community grants.
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