{"id":18324,"date":"2026-03-15T20:18:36","date_gmt":"2026-03-15T20:18:36","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/03\/15\/ethereum-foundation-sells-5000-eth-to-bitmine\/"},"modified":"2026-03-15T20:18:36","modified_gmt":"2026-03-15T20:18:36","slug":"ethereum-foundation-sells-5000-eth-to-bitmine","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/03\/15\/ethereum-foundation-sells-5000-eth-to-bitmine\/","title":{"rendered":"Ethereum Foundation sells 5,000 ETH to BitMine"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2025\/11\/crypto-news-Ethereum-community-option01.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">The Ethereum Foundation has sold 5,000 ETH to publicly traded treasury firm BitMine Immersion Technologies in an over-the-counter deal worth just over $10.2 million.<\/p>\n<div id=\"cn-block-summary-block_357d05d8be33cdcc8ccd86299dbe66b9\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The Ethereum Foundation offloads 5,000 ETH to BitMine as price climbs above $2K <\/li>\n<li>The OTC transaction was priced at an average of $2,042.96 per coin <\/li>\n<li>ETH is up 8.2% over the past seven days and 2.6% in the past 24 hours<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Ethereum Foundation <a href=\"https:\/\/x.com\/ethereumfndn\/status\/2032850482688147909\" target=\"_blank\" rel=\"nofollow\">offloads<\/a> 5,000 ETH to BitMine as the price climbs above $2K, with the transaction priced at an average of $2,042.96 per coin.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">0\/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC.<\/p>\n<p>For this sale, our OTC counterparty was <a href=\"https:\/\/twitter.com\/BitMNR?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@BitMNR<\/a>.<\/p>\n<p>\u2014 Ethereum Foundation (@ethereumfndn) <a href=\"https:\/\/twitter.com\/ethereumfndn\/status\/2032850482688147909?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 14, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The foundation confirmed the sale in a post on X. Proceeds will go toward core operations across the <a href=\"https:\/\/crypto.news\/can-ethereum-price-rally-continue-above-2100-as-blackrocks-staked-ethereum-etf-launches\/\" target=\"_blank\">Ethereum<\/a> ecosystem, covering protocol R&amp;D, ecosystem development, community grant funding, and developer support.<\/p>\n<p>This is the second time the foundation has sold ETH directly to a corporate treasury company. In July last year, it sold 10,000 ETH, worth around $30 million at the time to SharpLink Gaming.<\/p>\n<p>Selling portions of its treasury across different market cycles allows the Ethereum Foundation to fund ongoing development without relying entirely on donations or external sources.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Ethereum Foundation offloads 5,000 ETH to BitMine<\/h2>\n<p>BitMine Immersion Technologies has built one of the largest corporate Ethereum positions in the world.<\/p>\n<p>As of early last week, the company reported owning more than 4.5 million ETH. At recent market prices, those holdings are worth approximately $9.4 billion, placing BitMine ahead of other firms that hold ETH on their balance sheets.<\/p>\n<h2 class=\"wp-block-heading\">ETH climbs above $2,100 as weekly gains hold<\/h2>\n<p>ETH gained 8.2% over the past seven days and 2.6% in the past 24 hours, per available price data. The 30-day gain stands at 8.4%, with a one-year increase of 10.5%. The asset crossed back above the $2,100 level at the time of the transaction.<\/p>\n<p>The Ethereum Foundation has not disclosed a specific price target for future sales. Its approach ties treasury activity to funding needs and broader market conditions.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The OTC counterparty for this deal was BitMine, which the foundation confirmed in the same X post.<\/p>\n<p>With BitMine adding the foundation\u2019s 5,000 ETH to its existing position, its total holdings could rise further above the 4.5 million ETH it reported last week.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/ethereum-foundation-offloads-5000-eth-to-bitmine\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Foundation has sold 5,000 ETH to publicly traded treasury firm BitMine Immersion Technologies in an over-the-counter deal worth just over $10.2 million. Summary The Ethereum Foundation offloads 5,000 ETH to BitMine as price climbs above $2K The OTC transaction was priced at an average of $2,042.96 per coin ETH is up 8.2% over [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-18324","post","type-post","status-publish","format-standard","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/18324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=18324"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/18324\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=18324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=18324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=18324"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=18324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}