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Ethereum Weekly Price Forecast: EF offloads 10K ETH to BitMine as ETFs break inflow streak
The Ethereum Foundation (EF) announced on Friday that it sold 10,000 ETH at an average price of $2,387 via an over-the-counter (OTC) transaction. The Foundation noted that Ethereum treasury firm BitMine Immersion was the counterparty to the transaction. "This sale funds the EF's core operations & activities, including protocol R&D, ecosystem development, community grant funding and more," the EF wrote in a Friday X post. The Foundation had earlier offloaded 10,000 ETH over the past two months to fund grant programs and ecosystem activities, with half of that figure also sold to BitMine. The deal adds to BitMine's ... (full story)
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