Ethereum Foundation sells 10,000 ETH to Bitmine to fund core operations

The 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.

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