Ethereum Foundation sells 5,000 ETH to Tom Lee's BitMine for $10.2M

The Ethereum Foundation has completed a $10.2 million OTC sale of 5,000 ETH to BitMine Immersion Technologies, led by Tom Lee. This transaction is part of the foundation's treasury management strategy to maintain liquidity and fund protocol research, development, and ecosystem grants. Moving forward, the foundation aims to balance its holdings between Ethereum and fiat-like assets to support ongoing operations effectively.