The Ethereum Foundation is frantically selling 30,000 ETH, but Bitmine is shelling out 9.5 billion to lock it up! This

On one side, the “biological father” is dumping; on the other, the “giant whale” is locking up like crazy.

So who’s the fool?

Foundation: Sell, sell, sell— but where did the money go?

Since this March, the Ethereum Foundation has, through OTC, quietly sold 30,000 ETH to Bitmine. Total value is about $68.92 million.

The Foundation says: The money from selling tokens is used for core operations, protocol research and development, and ecosystem grants.

Sounds pretty reasonable, right?

But here’s the problem—

Where did the money go? Details?

None.

Is it transparent? Not transparent.

They sold assets worth hundreds of millions of dollars, yet they don’t even have a decent fund-usage report.

How are you asking the community to think?

Bitmine: Buy, buy, buy— and then lock everything up!

After Bitmine bought these 30,000 ETH, what did it do?

Latest staking: 192,816 ETH

Total staked: about 4.19 million ETH

As a share of its total holdings: 83%

The Foundation sells, Bitmine buys.

The Foundation cashes out, Bitmine locks up.

One is pushing money out, one is swallowing it in.

One is “reducing positions,” the other is “holding on for dear life.”

As one of the most important institutions in the Ethereum ecosystem, the Foundation has an obligation to disclose the details of fund usage.

Why?

You’re not a founder’s personal wallet—you’re a trust for the community.

You’re selling assets that belong to the community, not your backyard cabbages.

If you’re not transparent, don’t blame the community for questioning you for “cashing out at high prices and issuing buy orders at low prices.”

Now the focus of community discussion has shifted from “Why is the Foundation selling?” to “Why is Bitmine staking with all its might?”

I know many people will defend the Foundation:

“They need to pay salaries”

“R&D needs funding”

“Ecosystem grants can’t stop”

All true.

But do these issues conflict with transparency?

They don’t.

You can sell, but please disclose it alongside that:

How much you sold

Where the money went

How much you spent

How much remains

Otherwise, I can already help the media think up the next FUD headline:

“Ethereum Foundation sold X hundred-thousands of ETH over three years, yet still never discloses details…”

Do you think this is good for ETH in the long run?

“Transparency won’t kill Ethereum, but suspicion will.”

Who truly believes in ETH?

Bitmine is telling you with action:

83% of its holdings staked, $9.5 billion locked in.

This isn’t speculation—it’s faith + bookkeeping.

And the Foundation?

Sold 30,000 ETH, and what it got in return was a fracture in community trust.#美国寻求战略比特币储备 $BTC $ETH