Ethereum Foundation Completes Sale of 10,000 ETH to BitMine as Part of Treasury Management
The Ethereum Foundation has finalized the sale of 10,000 ether to BitMine, a company led by Tom Lee, as part of its ongoing treasury strategy. The transaction, which was executed over-the-counter, saw the foundation sell the ether at an average price of $2,292.15 per token, resulting in proceeds of roughly $22.9 million. This sale follows a previous deal in March, where the foundation sold 5,000 …