Bitmine Immersion Technologies buys 10,000 ETH from the Ethereum Foundation in an OTC deal worth $23.9M; proceeds fund protocol research, ecosystem development, and grants. Bitmine says it added 100,000+ ETH last week, totaling 4.97M.Abstract: Bitmine Immersion Technologies announced an over‑the‑counter purchase of 10,000 ETH from the Ethereum Foundation for $23.9 million, with the proceeds directed toward protocol research, ecosystem development, and grants. The company also reported acquiring more than 100,000 ETH in the previous week, bringing its total holdings to about 4.97 million ETH.

AssembleAi

2026-04-24 15:55:18

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Bitmine Immersion Technologies said it is buying 10,000 ETH from the Ethereum Foundation in an over-the-counter transaction worth $23.9 million. The Ethereum Foundation said the proceeds will support operations including protocol research, ecosystem development and grants. Bitmine said in its Monday report that it bought more than 100,000 ETH last week, bringing its holdings to 4.97 million ETH.

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Bitmine Agrees to Buy 10,000 ETH From Ethereum Foundation for $23.9M

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