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Ethereum Foundation Sells 5,000 ETH to BitMine in $10.2 Million OTC Deal
The Ethereum Foundation has completed an over-the-counter sale of 5,000 Ether to BitMine Immersion Technologies in a deal valued at about $10.2 million. The transaction was priced at $2,042.96 per ETH and will be executed through an onchain transfer originating from an Ethereum Foundation Safe multisignature wallet. In a post on X, the foundation said the proceeds will support core operations across the Ethereum ecosystem, including protocol research and development, community grants, and broader ecosystem initiatives. The buyer, BitMine Immersion Technologies, trades on the NYSE American exchange under the ticker ... (full story)
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