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Ethereum Foundation Sells 5,000 ETH to BitMine in $10.2 Million OTC Deal

BitMine is expanding a large staked treasury that now controls roughly 3.8% of ether’s supply despite multibillion‑dollar paper losses.

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Ethereum Foundation sells 5,000 ETH to BitMine: A new funding playbook?
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Ethereum foundation offloads 5,000 eth to bitmine as price climbs above $2k

Overview

  • The Foundation priced the transaction at $2,042.96 per ETH and said the on‑chain transfer will originate from its EF Safe multisig wallet.
  • Proceeds are designated for protocol research, ecosystem development and community grants under the EF’s treasury framework.
  • This marks the EF’s second direct corporate OTC sale, following a 10,000 ETH deal with SharpLink Gaming in July 2025.
  • BitMine disclosed a weekly purchase of 60,999 ETH, bringing its holdings to 4,595,562 tokens and maintaining $1.2 billion in cash.
  • The company now stakes about 3.04 million ETH with roughly $180 million in annualized revenue reported, while DropsTab estimates about $6.5 billion in unrealized losses.