BitMine: Pleased to Acquire ETH from Ethereum Foundation at Negotiated Price, Will Continue to Increase Holdings

CycleProphet · 2026-03-15T09:56:01+00:00

The Ethereum Foundation sold 5,000 ETH to BitMine via over-the-counter trading at an average price of $2,042.96 per ETH, with a total value of approximately $10.22 million. This move aims to fund the foundation's core operations and related activities.

CycleProphet

2026-03-15 09:56:01

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Deep Tide TechFlow News, March 15 — According to BitMine, the Ethereum treasury company, they announced, “We are pleased to acquire ETH held by the Ethereum Foundation at a mutually agreed-upon price to support its related work. We will continue to increase our ETH holdings.”

Previously, the Ethereum Foundation officially stated that today they finalized an OTC transaction of 5,000 ETH, with an average price of $2,042.96 per ETH, totaling approximately $10.22 million. The OTC counterparty is BitMine, Ethereum’s largest treasury company. The proceeds from this sale will fund the Foundation’s core operations and activities, including protocol development, ecosystem growth, and community grants.

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