Overview
- The sale cleared at an average price of $2,042.96 per ETH, with on-chain settlement from the Foundation’s Safe multisig address 0x9fC3dc011b461664c835F2527fffb1169b3C213e.
- Proceeds are earmarked for protocol research, ecosystem development, and community grant programs.
- The Foundation cites a reserve framework that targets annual operating expenses near 15% of treasury value with a 2.5-year buffer.
- BitMine remains the largest publicly traded ETH treasury holder with roughly 4.53 million ETH and continues to accumulate despite sizable paper losses.
- Reports place BitMine’s unrealized loss near $7.5 billion, while the Foundation has begun staking toward about 70,000 ETH and is estimated to hold around 170,000 ETH.