5 hours ago
Ethereum Foundation Sells 5,000 ETH to BitMine in $10.2M OTC Transaction
EthereumBitmineCrypto newsETH TreasuryethereumEthereum FoundationInstitutional CryptoOTC Dealtom lee
TLDR: Ethereum Foundation sells 5,000 ETH to BitMine at $2,042.96 per ether in an OTC transaction. EF uses proceeds to fund protocol research, ecosystem growth, and community grants. BitMine now holds 4.53 million ETH, the largest publicly traded ether treasury. OTC sale avoids market disruption while transferring supply to a long-term institutional holder. Ethereum Foundation [...]
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