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Tom Lee's BitMine Buys $10.2 Million in ETH Directly From Ethereum Foundation

Tom Lee's BitMine Buys $10.2 Million in ETH Directly From Ethereum Foundation

The Ethereum Foundation said Saturday that it sold 5,000 ETH for approximately $10.2 million to Tom Lee's BitMine Immersion Technologies.

Ethereum Foundation sells 5,000 ETH to Tom Lee’s BitMine in $10 million OTC deal

Ethereum Foundation sells 5,000 ETH to Tom Lee’s BitMine in $10 million OTC deal

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.

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

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.

Ethereum Foundation publishes mandate clarifying role and goals

Ethereum Foundation publishes mandate clarifying role and goals

The non-profit organization said the goal is to make Ethereum so decentralized that it could function even if the foundation ceases to exist.

Ethereum Foundation publishes mandate outlining its role as ‘one of many stewards’ of the network

Ethereum Foundation publishes mandate outlining its role as ‘one of many stewards’ of the network

The Ethereum Foundation mandate codifies Ethereum’s core “CROPS” principles: censorship resistance, open source, privacy and security.

The Daily: Crypto whale loses almost $50M in DeFi swap, BlackRock’s staked Ethereum ETF sees ‘very solid’ debut, and more

The Daily: Crypto whale loses almost $50M in DeFi swap, BlackRock’s staked Ethereum ETF sees ‘very solid’ debut, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Ethereum accumulation wallets jump 30%: Will ETH price follow?

Ethereum accumulation wallets jump 30%: Will ETH price follow?

Ether’s road to recovery looked clearer, especially if the balance in Ethereum accumulation wallets and the staked supply continue rising at their current pace.

Ethereum Foundation publishes new mandate defining its role, core principles

Ethereum Foundation publishes new mandate defining its role, core principles

The document comes at a point of transition for the organization, following shifts in the blockchain's technical roadmap and the resignation of a co-executive director.

Vitalik Buterin recounts how shiba inu tokens became a $1 billion AI policy war chest

Vitalik Buterin recounts how shiba inu tokens became a $1 billion AI policy war chest

The Ethereum co-founder said he expected the Future of Life Institute to cash out $10-25 million from his 2021 meme coin donation. It liquidated roughly $500 million and pivoted to political advocacy...

BlackRock’s staked Ethereum ETF records over $15.5 million volume on first day

BlackRock’s staked Ethereum ETF records over $15.5 million volume on first day

Bloomberg Analyst James Seyffart noted that ETHB had a 'very solid' first day, where it launched with over $100 million in assets.

BlackRock’s new ether ETF for yield hungry investors debuts with $15 million in trading volume

BlackRock’s new ether ETF for yield hungry investors debuts with $15 million in trading volume

The new ETHB fund launched with over $100 million in assets and traded more than $15 million on day one, offering investors exposure to ethereum plus staking rewards.

BlackRock’s staked Ethereum ETF sees $15.5M volume on debut

BlackRock’s staked Ethereum ETF sees $15.5M volume on debut

The iShares Staked Ethereum Trust will distribute staking rewards on a monthly basis from institutional-grade Ethereum validators run by Figment, Galaxy Digital and Attestant.