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The Ethereum Foundation sold 5,000 ETH to BitMine, worth approximately $10.22 million.
ChainCatcher News: The Ethereum Foundation officially announced that today they finalized an OTC transaction of 5,000 ETH at an average price of $2,042.96, totaling approximately $10.22 million. The OTC counterparty is Ethereum’s largest treasury company, BitMine.
This sale will fund the foundation’s core operations and activities, including protocol development, ecosystem growth, community grants, and more.