#USSeeksStrategicBitcoinReserve

The Ethereum Foundation has entered into a new deal with BitMine to sell Ether.
The total value of the deal was approximately $22.9 million.
The Foundation said the proceeds will be used to finance its core activities, including protocol research and development, ecosystem growth, awarding grants to the community, and similar efforts.
The deal is already the third of its kind. An identical transaction involving the sale of 10,000 Ether at a price of $2387 took place a week earlier. In just the past week, the Ethereum Foundation generated about $47 million from deals with BitMine. The first sale took place in March, when the Foundation sold 5,000 ETH at around $2043 per unit.
Last week, the Foundation unlocked 17,035 ETH worth $40 million from staking. Previously, the Ethereum Foundation had promised to keep 70,000 Ether staked. In early April, the number of coins locked for income reached 69,500 Ether.
Last year, after accusations from the community that it was selling Ether too often, the Foundation said it planned to limit transactions, and later announced that a significant portion of Ether would be allocated to staking.
BitMine managed to accumulate more than 5 million ETH. The biggest deal of the year was the purchase of 101,901 ETH.
Recently, BitMine’s head Tom Lee made a forecast according to which, over the next few years, the price of Ether could exceed $62,000. Lee suggested that first, capital would flow into large assets with high liquidity, and then investor interest would shift toward riskier assets, including cryptocurrencies.