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Mark Travoy

Ethereum Foundation Sells 5,000 ETH OTC to BitMine for About $10.2 Million on March 14

On Saturday, March 14, the Ethereum Foundation stated on X that it completed an over-the-counter sale of 5,000 ETH to BitMine Immersion Technologies at an average price of $2,042.96, for a total of roughly $10.2 million. The deal, designed to limit visible exchange sell pressure, will support the Foundation's research, development, and ecosystem spending under its 2025 treasury framework, while keeping the ETH within long-term institutional holdings.
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