💰 The Ethereum Foundation just sold 5,000 $ETH (~10.2 million USD) to BitMine Immersion Technologies through an OTC transaction, at an average price of about $2,042/ETH – very close to market price.
📊 Notable points:
• BitMine (led by Tom Lee) currently holds over 4.5 million ETH (~9.3 billion USD).
• The company is following a crypto treasury accumulation strategy, quite similar to MicroStrategy's BTC model.
• Selling through OTC helps avoid direct selling pressure on the market.
• The funds raised will be used to finance R&D and develop the Ethereum ecosystem.
📌 Earlier in 2025, the Ethereum Foundation also sold 10,000 ETH to SharpLink Gaming in a similar manner.
😄 This article is just sharing information. If after reading you decide to "all-in ETH" then… your wallet is solely responsible for it.
#Ethereum #CryptoNews #Blockchain #CryptoMarket #ETH
📊 Notable points:
• BitMine (led by Tom Lee) currently holds over 4.5 million ETH (~9.3 billion USD).
• The company is following a crypto treasury accumulation strategy, quite similar to MicroStrategy's BTC model.
• Selling through OTC helps avoid direct selling pressure on the market.
• The funds raised will be used to finance R&D and develop the Ethereum ecosystem.
📌 Earlier in 2025, the Ethereum Foundation also sold 10,000 ETH to SharpLink Gaming in a similar manner.
😄 This article is just sharing information. If after reading you decide to "all-in ETH" then… your wallet is solely responsible for it.
#Ethereum #CryptoNews #Blockchain #CryptoMarket #ETH