The Ethereum Foundation transferred 10,000 ETH — worth approximately $23.87 million — to Bitmine via an over-the-counter transaction, according to on-chain data.
The sale is part of a broader pattern of distributions. Over the past three months, the Ethereum Foundation and Vitalik Buterin's wallet have collectively offloaded 39,326 ETH, totalling roughly $84.56 million.
OTC deals of this scale typically avoid immediate open-market impact, but sustained selling pressure from a project's founding entity tends to draw close scrutiny from the broader community. Observers will be watching whether the pace of disposals continues.
Original content
The #EthereumFoundation sold another 10,000 $ETH($23.87M) to #Bitmine via OTC an hour ago.
Over the past 3 months, the #EthereumFoundation and vitalik.eth(@VitalikButerin) have sold a total of 39,326 $ETH($84.56M).
https://t.co/3V40uW89I4 https://t.co/xq7twkkKJF
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