{"id":65487,"date":"2026-03-15T11:30:10","date_gmt":"2026-03-15T08:30:10","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=65487"},"modified":"2026-03-15T10:17:04","modified_gmt":"2026-03-15T07:17:04","slug":"ethereum-foundation-sells-5000-eth-in-otc-deal","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ethereum-foundation-sells-5000-eth-in-otc-deal\/","title":{"rendered":"Ethereum Foundation Sells 5,000 ETH in OTC Deal"},"content":{"rendered":"

The crypto market saw a notable development. On March 14, the Ethereum Foundation<\/strong> completed a 5,000 ETH<\/a> sale via an over-the-counter (OTC) transaction. The deal, valued at around $10 million, had BitMine as the counterparty.<\/p>\n

The foundation stated that the proceeds would fund core activities, including protocol research and ecosystem development. However, the choice of BitMine as the direct buyer immediately drew scrutiny.<\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Why the Ethereum Foundation Sold ETH<\/a><\/li>
  • BitMine\u2019s Growing Ethereum Position<\/a><\/li>
  • Remaining Ethereum in the Foundation Treasury<\/a><\/li>
  • Leadership Change and New Governance Manifesto<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Why the Ethereum Foundation Sold ETH<\/span><\/h2>\n

    The Ethereum Foundation has previously faced market attention for token sales. This recent sale\u2019s aim is clear: funding essential operations.<\/p>\n

    Revenue from the sale will support:<\/p>\n

      \n
    • \n

      Protocol research<\/p>\n<\/li>\n

    • \n

      Network development<\/p>\n<\/li>\n

    • \n

      Community grants<\/p>\n<\/li>\n

    • \n

      Ecosystem growth programs<\/p>\n<\/li>\n<\/ul>\n

      This marks a strategic shift. The foundation, which long kept its ETH holdings idle, has recently begun actively managing its treasury.<\/p>\n

      Last month, it staked 70,000 tokens, with the rewards directed toward ecosystem development and community grants.<\/p>\n

      \n

      0\/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC.<\/p>\n

      For this sale, our OTC counterparty was @BitMNR<\/a>.<\/p>\n

      — Ethereum Foundation (@ethereumfndn) March 14, 2026<\/a><\/p><\/blockquote>\n