## TL;DR: Ethereum Foundation Liquidates $48.9M
The Ethereum Foundation (EF) has finalized roughly **$48.9 million** in ETH transactions this April, shifting from its recent staking focus back to operational liquidations.
### Key Takeaways
* **The Big Sale:** On April 24, the EF sold **10,000 ETH** via an over-the-counter (OTC) deal with BitMine for **$23.9 million**.
* **Unstaking & Conversion:** This follows earlier April moves where the Foundation began unstaking assets and converted approximately **$25 million** (including 8,750 ETH) into stablecoins.
* **The Purpose:** Funds are being used to cover non-crypto expenses, including research, ecosystem grants, and the upcoming "Glamsterdam" upgrade.
* **Market Impact:** By using OTC deals and CoWSwap’s "Time-Weighted Average Price" (TWAP) tools, the EF is liquidating large amounts without crashing the market price.
**The Bottom Line:** While the Foundation briefly pivoted to staking for yield earlier this year, it is currently prioritizing liquid cash to fund the network's aggressive 2026 roadmap.
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