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#GateSquareMayTradingShare
🔷 Ethereum Foundation Completes Sale of 10,000 ETH to Support Ecosystem Growth
May 2 — The Ethereum Foundation has officially sold 10,000 ETH to BitMine at an average price of $2,292.15 per ETH, totaling approximately $22.9 million.
This marks another treasury management move following a similar transaction earlier this year. The proceeds will be allocated to:
· 🧠 R&D – Supporting core protocol upgrades and technical development
· 🌱 Ecosystem Grants – Empowering developers and innovative projects
· 🔐 Multi‑sig Wallet Management – Funds are managed via a disclosed multi‑sig wallet to ensure transparency and security
According to the Ethereum Foundation, this sale is part of its ongoing treasury management strategy, aimed at securing operational continuity while continuing to drive the growth of the decentralized ecosystem.
$ETH
📌 Market observers await further details on fund allocation and upcoming ecosystem support initiatives.