BREAKING: Ethereum Foundation Sold 10,000 $ETH via OTC at an Average Price of $2,387.

Buyer: #Bitmine (Tom Lee's Bitmine Immersion Technologies)

Deal worth ~$23.9M, bringing Bitmine's total holdings to 4.98M ETH, inching closer to their ambitious 5% of total ETH supply target.

No sell pressure on exchanges. Supply locked into a long-term corporate treasury.

While retail panics over short-term price action, Bitmine is building the largest corporate ETH war chest in history.