Ethereum Foundation Sells 5,000 ETH In OTC Deal To Fund Operations

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The Ethereum Foundation has disclosed that it recently sold 5,000 ETH through an over-the-counter (OTC) transaction, with the deal priced at an average of $2,042.96 per ETH. The buyer in the transaction was BitMine Immersion Technologies, a company known for operating crypto mining infrastructure. The foundation shared the update publicly, noting that the sale had already been finalized. According to the announcement, the transaction forms part of the organization’s broader treasury management approach, something the foundation carries out periodically to help fund its work. 0/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average

The post Ethereum Foundation Sells 5,000 ETH In OTC Deal To Fund Operations appeared first on The Merkle News.

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