Overview
- The foundation sold 10,000 ETH to BitMine on Friday at an average price of $2,292.15 in a private, off‑exchange trade, bringing weekly sales to 20,000 ETH.
- It said the proceeds fund core operations, including protocol research, ecosystem growth, and community grants.
- BitMine, chaired by Tom Lee, has now bought 25,000 ETH from the foundation this year and holds more than 5 million ETH.
- Treasury activity also shows asset rotation, including a April 24 swap of about 21,269 aWETH into wstETH, which increases liquid‑staking exposure and adds yield‑bearing assets.
- Arkham‑tracked wallets indicate the foundation still holds roughly 82.5k–92.5k ETH plus stablecoins, and analysts warn reserves could be exhausted by 2027 if this pace continues.