The Ethereum Foundation sold 5,000 ETH to BitMine, worth approximately $10.22 million.

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On March 15, the Ethereum Foundation officially announced that it had finalized an off-exchange transaction of 5,000 ETH at an average price of $2,042.96, with a total value of approximately $10.22 million. The counterparty in the off-exchange transaction was BitMine, the largest treasury company in the Ethereum network.

This sale will fund the foundation’s core operations and activities, including protocol development, ecosystem development, community funding, and more.

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