Ethereum Foundation completes 10,000 ETH OTC sale to BitMine amid accelerated treasury reshuffle

The Ethereum Foundation finalized the sale of 10,000 ether to BitMine, the foundation said, as part of its broader treasury strategy to reposition assets for development funding and operations ^{[1] [2]}.

According to reporting, the transaction followed a March sale in which the foundation sold 5,000 ETH to the same counterparty, and outside outlets described the latest trade as an over-the-counter (OTC) deal priced at an average of $2,292.15 (roughly $22.9 million) for the 10,000 ETH ^{[1] [3]}.

Industry coverage characterized the moves as part of an accelerating treasury restructuring, with reports noting the foundation has sold large amounts of ETH in a short period while rotating into staked assets and other holdings ^[4].

Taken together, the reported transactions underscore an active phase of treasury management by the Ethereum Foundation, involving multiple sales and portfolio reallocation ^{[1] [4]}.