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Ethereum Foundation Sells 10,000 ETH to BitMine in Third OTC Deal

2026-05-02 08:40:53

Abstract generation in progress

The Ethereum Foundation sold 10,000 ETH to BitMine in a third OTC deal at an average price of $2,292, worth about $22.9 million. The Ethereum Foundation said the sale will fund core operations, including protocol R&D, ecosystem development, and community grants. The transaction followed another 10,000 ETH sale to BitMine one week earlier.

ETH0.98%

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