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flag The Ethereum Foundation sold 5,000 ETH for $10.2M to BitMine to sustain operations and maintain a 2.5-year reserve.

flag The Ethereum Foundation sold 5,000 ETH to BitMine Immersion Technologies in an OTC deal worth $10.2 million, averaging $2,043 per ETH, to support operations and treasury management. flag The transaction, from an EF Safe wallet, follows a prior sale and aligns with the foundation’s strategy to maintain a 2.5-year operating reserve. flag BitMine, led by Tom Lee, now holds about 4.53 million ETH, reflecting growing institutional interest in Ethereum despite a nearly 60% price drop from its 2025 peak. flag On-chain data also shows increased accumulation by major wallets.

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