The Ethereum Foundation, the main organization behind the Ethereum ecosystem, has added another sale to its list of current assets.


In its latest statement, the foundation announced the completion of a sale of 10,000 Ethereum tokens ($ETH) at an average price of $2,292.15 USD.
As a result, the total sale value was approximately $22.9 million USD.
According to the statement, the sale was conducted via an over-the-counter (OTC) transaction, with the counterparty being Bitmine, a company involved in cryptocurrency investments.
Over-the-counter transactions are often preferred by institutional players because they allow large-volume sales without sharp market price fluctuations.
ETH-0.43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin