Overview
- The Ethereum Foundation, which disclosed a 10,000 ETH over-the-counter sale Friday at about $2,292 per coin to BitMine, brought weekly sales to 20,000 ETH.
- Arkham’s on-chain data showed a 10,000 ETH transfer to wallets tied to BitMine that matches the foundation’s disclosure.
- The foundation has been reshaping its holdings, including a April 24 swap of about 21,269 aWETH into wstETH through Lido and Mellow to increase liquid-staked exposure.
- Arkham data indicates the foundation still holds a large treasury with roughly 82,500 ETH plus more than $23 million in USDC and over $9 million in DAI, along with staked assets.
- Decrypt reports BitMine now holds more than 5 million ETH, with the position carrying a multi‑billion‑dollar unrealized loss after last year’s price drop.