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Ethereum Foundation Sells Thousands of ETH! Details Here

Ethereum leth

The Ethereum Foundation announced plans to sell 10,000 ETH to fund ecosystem research and development projects. At the same time, the sale will take place through centralized exchanges. The foundation will execute multiple smaller orders instead of a single large transaction. This approach reduces sudden market impact and ensures smoother execution.

The total value of the sale is estimated at around $43 million. Moreover, this step aligns with the treasury policy announced in June. The policy aims to manage ETH sales in a planned and transparent way. Additionally, the foundation will periodically track deviations in its fiat assets. 

Ethereum Foundation Sales and Previous Transactions 

Since announcing its treasury policy, the foundation has sold approximately $25 million worth of ETH to SharpLink Gaming. In addition, two transactions totaling 2,795 ETH have been completed. Furthermore, a major sale of 100,000 ETH in December 2020 contributed to Ethereum reaching all-time high prices in the following months. These actions support continuous funding for foundation projects.

The planned ETH sales help sustain R&D work and community grants. Moreover, this strategy signals transparent financial management to investors. Finally, the foundation aims to create stability in the ecosystem. Meanwhile, the sale is expected to be completed within a few weeks, minimizing market disruption. 

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