Ethereum Foundation sells 10,000 ETH to Bitmine to fund core operations
The Ethereum Foundation bolsters its resources through strategic sales to finance broader ecosystem initiatives.
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Add us on Google by Vivian Nguyen Apr. 24, 2026The Ethereum Foundation said Friday it sold 10,000 ETH for about $24 million in an OTC transaction with Bitmine, using proceeds to support research, development, ecosystem expansion, and grant programs as part of its treasury management framework.
0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC.
For this sale, our OTC counterparts was @BitMNR.
— Ethereum Foundation (@ethereumfndn) April 24, 2026
The sale comes after the Foundation completed an OTC sale of 5,000 ETH to Bitmine in March, with proceeds set to fund protocol development, ecosystem growth, and grant programs.
The Foundation still holds about 92,538 ETH worth $214 million, per Arkham Intel, and has staked part of its treasury.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
