Cryptocurrency1 May 2026SEO 801 min read

Analysis: Ethereum Foundation finalizes sale of 10,000 ether to BitMine as part of its tr…

The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million. The Ethereum Foundation f…

The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million. The Ethereum Foundation finalized the sale of 10,000 ETH to BitMine at an average price of $2,292.15 (~$22.9M), marking another treasury disposition following similar deals earlier this year. Proceeds will fund operations, such as R&D and ecosystem grants, as part of its ongoing treasury management strategy and will be executed via a disclosed multisig wallet. Th…

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