The Ethereum Foundation, the main organization behind the Ethereum ecosystem, has announced a new sale following its recent sale. In a statement, the foundation announced the sale of 10,000 Ethereum ($ETH) The token is complete as of today.
The sale was conducted through over-the-counter (OTC) transactions at an average price of $2,387, according to a statement. Total equivalent to $23.87 million $ETH Sold. The counterparty to the transaction was identified as virtual currency investment company Bitmine. Over-the-counter trading is known for its ability to buy and sell large amounts without causing sudden market fluctuations.
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The Ethereum Foundation said proceeds from the sale will be used to fund the organization’s core activities. These funds will be allocated to areas such as protocol development, research and development (R&D), ecosystem growth, and community grant programs.
This latest sale is notable as it follows the work of the Foundation. $ETH In the April 8th sale, the developer sold 5,000 pieces $ETH Via TWAP.
*This is not investment advice.
