Market | March 16, 2026
Foundation Sells Ether
The Ethereum Foundation sold 5,000 ETH to BitMine in a $10.2 million OTC deal, extending a treasury policy that turns part of its holdings into operating cash without selling into the open market.
The Ethereum Foundation sold 5,000 ETH to BitMine in an over-the-counter deal worth about $10.2 million. The foundation said the sale will help fund core operations, protocol research and development, ecosystem growth, and community grants.
The transaction fits the treasury framework the Foundation adopted last year. Rather than treating every sale as a crisis or a taboo, it is converting part of its holdings on a measured schedule to maintain runway in cash. Doing it through an OTC buyer also lets the Foundation raise funds without putting the coins straight into the open market.