Ethereum Foundation Sells 5,000 ETH Despite Its Staking Program

TLDR: The Ethereum Foundation converted 5,000 ETH worth roughly $11.1M to stablecoins via CoWSwap on April 8. A March OTC sale of 5,000 ETH to BitMine at $2,042.96 shows selling ran alongside staking for weeks. Annual staking yield from 70,000 ETH equals only about 33% of EF’s first-quarter 2025 grant spending. EF’s fiat-denominated reserve target [...]

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