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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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