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The Ethereum Foundation has completed the sale of 10,000 ETH to BitMine.
Golden Finance reported that on May 2, the Ethereum Foundation had completed the sale of 10,000 ETH to BitMine. The transaction’s average price was $2,292.15 (approximately $22.9 million), marking another disposal of funds following similar transactions earlier this year. The proceeds will be used to support operating expenses, such as research and development (R&D) and ecosystem grants, and will be executed via a disclosed multi-signature wallet as part of its ongoing fund management strategy.