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 can 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 submit 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 can be bought to BitMine at a mean value of $2,042.96. Hence, this deal could possibly 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 inspiration’s core operations and actions, together with protocol analysis and growth (R&D), ecosystem growth, neighborhood grant funding, and so forth.
The group additionally talked about that the transaction is a part of ongoing treasury administration exercise based mostly on a recently published policy. In its treasury coverage in June 2025, the inspiration revealed that Ether tokens can be bought to keep up 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 up to now, and plans to produce round 70,000 ETH into validators utilizing open-source infrastructure from third-party suppliers.
This newest sale to BitMine would signify 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 mean value of $2,572.37 in a transaction value $25.7 million.
Ethereum Price Overview
The over-the-counter path of this deal implies that the Ethereum value is not going to face the bearish strain usually related to centralized change gross sales. Last September, the inspiration introduced plans to promote 10,000 ETH by way of 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 previously 24 hours. This past-day decline isn’t sufficient to wipe the altcoin’s weekly acquire, which stands at practically 7% over the previous seven days.
The value of ETH on the every day timeframe | Source: ETHUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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