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The Ethereum Foundation completed a $10.2 million OTC sale of 5,000 ETH to BitMine as part of its treasury management strategy to fund operations and ecosystem development.
The Ethereum Foundation said Saturday that it sold 5,000 ETH for approximately $10.2 million to Tom Lee's BitMine Immersion Technologies.
The deal is the EF's second known OTC sale to a corporate buyer, following a 10,000 ETH sale to SharpLink Gaming in July 2025.
The funds will support the EF's core operations, including protocol R&D and ecosystem grants, as part of a treasury strategy to balance ETH and fiat-like assets.
The largest cryptocurrency is up 4.2% on the week despite Friday's reversal, with attention now turning to the Fed meeting on March 17-18 and whether oil above $100 forces a shift in rate expectations...
BlackRock launched a staked Ether exchange-traded fund on Thursday, expanding its crypto offerings beyond its flagship spot Bitcoin and Ether ETFs that launched in 2024.
Analysts at the investment company said the change was significant because the stablecoin “winner” will be the one people use for everyday transactions.
Ether bulls appear to be targeting $2,800 as their next stop, but ETH futures data shows a divided market with limited odds for a sustained 33% rally.
Bitcoin faced strong resistance at the $74,500 level, but the shallow price pullback could set the stage for a stronger breakout in BTC and altcoins.
Bitcoin Magazine AI Pivot Won’t Save Everyone, Wintermute Tells Bitcoin Miners Bitcoin miners are caught in the tightest squeeze of the network’s history, and a new Wintermute report argues that simp...
The non-profit organization said the goal is to make Ethereum so decentralized that it could function even if the foundation ceases to exist.
The Ethereum Foundation mandate codifies Ethereum’s core “CROPS” principles: censorship resistance, open source, privacy and security.
