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The Ethereum Foundation, in a surprising move, sold a portion of its ETH holdings in OTC deals. According to recent reports, the Foundation sold 100 ETH for 253,000 DAI.
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This is just one example of the Foundation’s previous similar sales. A total of 2,262 ETH sales in 2023 were made at an average price of $1,609 per ETH. The Ethereum Foundation still holds a large amount of ETH: $806 million in ETH, $79.81 million in WETH.
However, despite these sales, the Ethereum Foundation still holds a significant amount of coin. According to on-chain data, the Foundation holds a total of $886 million in ETH assets, with $806 million in ETH and $79.81 million in WETH.
The Foundation also holds $500,000 in stablecoins and $15,000 in BNB. However, it is alleged that the BNB assets were transferred without permission.
These changes in the Ethereum Foundation’s portfolio are being closely watched by the crypto community.