ETHEREUM FOUNDATION CHOSE OTC, NOT OPEN MARKET
The Ethereum Foundation sold 10,000 ETH to Bitmine through an OTC deal at an average price of $2,387.
To me, the important part is not just the sale — it is how they did it.
This was not ETH being dumped directly into the open market.
It was an OTC transaction, which usually means a cleaner transfer with less immediate market disruption.
So the signal here feels more measured than dramatic.
Yes, the Foundation reduced holdings by 10,000 ETH. But by doing it through Bitmine and off the order book, they also avoided turning it into a messy market event.
That is the difference worth noticing.
ETH
2,308.86
+2.28%