Ethereum Foundation Sells 5,000 ETH to BitMine, Valued at Approximately $10.22 Million

BlockBeats News, March 15th, the Ethereum Foundation officially announced today that a off-exchange transaction was finalized for 5,000 ETH, with an average price of $2,042.96, totaling approximately $10.22 million. The off-exchange counterparty was BitMine, the largest treasury company of Ethereum.

This sale will fund the Foundation's core operations and activities, including protocol research and development, ecosystem development, community grants, and more.