Ethereum Foundation Sells 5,000 ETH in $10 Million OTC Deal to BitMine

The Ethereum Foundation has completed an over-the-counter transaction involving 5,000 ETH, valued at approximately $10.2 million. The buyer in the deal was BitMine Immersion Technologies, which purchased the tokens at an average price of $2,042.96 per coin.

The transaction will be processed from the foundation’s multisignature treasury wallet and reflects a strategy of selling digital assets directly to institutional buyers rather than through public exchanges.

Corporate Treasury Strategy Drives Demand

BitMine, chaired by Tom Lee, has emerged as one of the largest corporate holders of Ether. The company currently holds more than 4.5 million ETH, valued at roughly $9.3 billion, and has pursued an aggressive accumulation strategy modeled after corporate bitcoin treasury approaches.

Treasury Management and Ecosystem Funding

The transaction marks the second known OTC sale by the Ethereum Foundation to a corporate treasury buyer. In July 2025, the organization sold 10,000 ETH to SharpLink Gaming for about $25.7 million.

According to the foundation, proceeds from such sales help fund protocol research, ecosystem development and community grants while maintaining a fiat reserve to support long-term operations.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.