User-430amickey

#EthereumFoundationSellsETHtoBitmineAgain Ethereum Foundation Sells ETH to Bitmine Again — Strategic or Sell Pressure? The Ethereum Foundation has executed another ETH sale to Bitmine, reinforcing a clear and ongoing treasury strategy rather than a one-off move. Latest Update 10,000 ETH sold (~$24M) via OTC deal Average price ≈ $2,387 per ETH Second major sale after earlier 5,000 ETH transaction Importantly, this was not dumped on the open market — it was sold directly to institutional buyer Bitmine, minimizing immediate price impact. What’s Actually Happening This confirms a pattern, not panic selling: - Ethereum Foundation is converting ETH → fiat for operations - Funds used for R&D, ecosystem growth, and grants - OTC structure = controlled liquidity, not market shock At the same time 👇 - Bitmine is aggressively accumulating ETH - Now holds ~4–5M ETH (~4%+ of total supply) Market Interpretation Short-term: Neutral to slightly bearish sentiment Long-term: Stable (supply absorbed by institutions) 👉 Selling pressure exists… but strong hands are buying it 😄 Simple Reality Retail sees: “Foundation is selling 😨” Smart money sees: “Supply being transferred 🤝” Final Question If ETH is being sold directly to long-term holders… 👉 Is this distribution — or silent accumulation by institutions? 🤔 #ETH #BinanceSquare $ETH