#Ethereum Foundation Just Sold $23M in ETH - But Here's What Everyone Missed
Ethereum is back in the spotlight, but not because of price action. While B $BTC continues to set the tone for the market, the Ethereum Foundation just sold 10,000 ETH at ~$2,387 in a disclosed OTC deal.
The move raised ~$23.8M - and was publicly shared almost immediately, including wallet details for anyone to verify. Transparency like this is new... and it matters.
This wasn't a panic sell or market timing.
It's part of a structured treasury strategy the foundation introduced earlier this year.
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80,661.7
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They aim to keep ~2.5 years of runway and convert $ETH to fiat when reserves drop below that level. In simple terms: they sell when needed to fund development, not because they're bearish.
ETHUSDT
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2,279.62
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