The Ethereum Foundation sold 10,000 ETH at an average price of $2,292.15 through an over-the-counter transaction, with BitMNR as the counterparty. The Foundation said proceeds will fund core operations and form part of its ongoing treasury management activities.
Why it matters
The Foundation has now executed three consecutive OTC sales. Across the three transactions, it has offloaded a total of 25,000 ETH for approximately $57 million, at a weighted average price of around $2,280 per ETH. Routing sales through a single named counterparty rather than on open exchanges is the structurally relevant detail — it limits market impact but also concentrates execution risk with one desk.
Market impact
Sustained Foundation selling through opaque OTC channels is a quiet but persistent overhang on $ETH, even when individual prints are small relative to daily spot volume. The transparency of a published weighted average price is a partial offset, but the cadence — three sales in a row — is what readers should track going into the next treasury update.
Frequently asked questions
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How much ETH did the Ethereum Foundation sell in this latest OTC transaction?
The Foundation sold 10,000 ETH at an average price of $2,292.15 through an OTC transaction with BitMNR as the counterparty.
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Who was the counterparty in the Ethereum Foundation's latest ETH sale?
BitMNR was the named counterparty that took the other side of the 10,000 ETH OTC sale.
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What will the Ethereum Foundation use the proceeds from the ETH sale for?
The Foundation said proceeds will fund core operations and form part of its ongoing treasury management activities.
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How much ETH has the Ethereum Foundation sold across its most recent OTC transactions?
Across its three most recent OTC transactions, the Foundation has sold a total of 25,000 ETH for approximately $57 million, at a weighted average price of around $2,280 per ETH.
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Why does the Ethereum Foundation sell ETH via OTC rather than on exchanges?
OTC execution limits market impact and price slippage compared to open-exchange sales, though it concentrates execution with a single named counterparty.
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