Ethereum Foundation sold 10,000 ETH via OTC to Tom Lee's Bitmine at $2,387 per ETH.
Macro & Markets ·
The Ethereum Foundation completed an over-the-counter sale of 10,000 ETH at $2,387 per token, totaling approximately $23.87 million, with the buyer identified as Bitmine. The transaction was finalized following announcement via the Foundation's social channels.
Alongside the sale, the Foundation initiated staking of roughly 70,000 ETH from its treasury using open-source infrastructure provided by Bitwise. The Foundation also announced partnerships with Payy-Rain and the X Layer-dAI team, and collaborated with Virtuals Protocol on ERC-8183, a commerce layer standard designed for AI agents.
The timing and rationale behind the 10,000 ETH sale relative to the concurrent staking deployment remain unspecified. No details have been disclosed regarding settlement terms, lock-up conditions, or whether additional transactions of this scale are planned.