Ethereum Foundation Finalizes 5,000 ETH Sale In $10M OTC Deal — Details
The Ethereum Foundation (EF) introduced that it has accomplished an over-the-counter (OTC) sale of 5,000 ETH over the weekend. According to the group’s disclosure, proceeds from this sale might be directed in the direction of its core operations and different actions.
Ethereum Foundation Sells $10 Million In ETH To BitMine
In a March 14 publish on the social media platform X, the Ethereum Foundation said that it finalized a 5,000 ETH OTC deal, valued at roughly $10.21 million. The EF recognized BitMine Immersion Technologies, the world’s largest company holder of Ether, because the counterparty (purchaser) on this over-the-counter deal.
The Ethereum Foundation revealed that the Ether tokens might be bought to BitMine at a median worth of $2,042.96. Hence, this deal might be seen as a recent acquisition for BitMine, an ETH treasury firm at present holding greater than 4.5 million Ether valued at roughly $9.3 billion.
The EF disclosed that the on-chain transaction will come from a Safe multisig pockets, with proceeds from the sale directed towards the muse’s core operations and actions, together with protocol analysis and improvement (R&D), ecosystem improvement, neighborhood grant funding, and so forth.
The group additionally talked about that the transaction is a part of ongoing treasury administration exercise primarily based on a recently published policy. In its treasury coverage in June 2025, the muse revealed that Ether tokens might be bought to take care of its fiat-denominated belongings from the Opex (working expense) Buffer goal.
Other methods for his or her Ether holdings embody staking, with over 2,000 ETH deployed thus far, and plans to provide round 70,000 ETH into validators utilizing open-source infrastructure from third-party suppliers.
This newest sale to BitMine would characterize the second deal of this nature in lower than a yr. In July 2025, the Ethereum Foundation sold 10,000 ETH over-the-counter to SharpLink Gaming — one other ETH treasury agency — at a median worth of $2,572.37 in a transaction value $25.7 million.
Ethereum Price Overview
The over-the-counter path of this deal signifies that the Ethereum worth won’t face the bearish stress sometimes related to centralized trade gross sales. Last September, the muse introduced plans to promote 10,000 ETH through public exchanges, sparking criticism from the crypto crowd.
As of this writing, the worth of ETH stands at round $2,086, reflecting an over 1% decline prior to now 24 hours. This past-day decline will not be sufficient to wipe the altcoin’s weekly achieve, which stands at practically 7% over the previous seven days.