Ethereum

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<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.</p>
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   <li>The Ethereum Foundation offloads 5,000 ETH to BitMine as price climbs above $2K</li>
   <li>The OTC transaction was priced at an average of $2,042.96 per coin</li>
   <li>ETH is up 8.2% over the past seven days and 2.6% in the past 24 hours</li>
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<p>The Ethereum Foundation <a href="https://x.com/ethereumfndn/status/2032850482688147909" rel="noopener noreferrer 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>
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   <p>0/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC.<br><br>For this sale, our OTC counterparty was <a href="https://twitter.com/BitMNR?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BitMNR</a>.</p>— Ethereum Foundation (@ethereumfndn) <a href="https://twitter.com/ethereumfndn/status/2032850482688147909?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 14, 2026</a>
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<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/" rel="noopener noreferrer nofollow">Ethereum</a> ecosystem, covering protocol R&amp;D, ecosystem development, community grant funding, and developer support.</p>
<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>
<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>
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<h2 class="wp-block-heading" id="ethereum-foundation-offloads-5-000-eth-to-bitmine">Ethereum Foundation offloads 5,000 ETH to BitMine</h2>
<p>BitMine Immersion Technologies has built one of the largest corporate Ethereum positions in the world.</p>
<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>
<h2 class="wp-block-heading" id="eth-climbs-above-2-100-as-weekly-gains-hold">ETH climbs above $2,100 as weekly gains hold</h2>
<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>
<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>
<p>You might also like: <a href="https://crypto.news/cz-goes-after-etherscan-displaying-spam-transactions/" rel="noopener noreferrer nofollow"> CZ goes after Etherscan for displaying spam transactions from address poisoning scams </a></p>
<p>The OTC counterparty for this deal was BitMine, which the foundation confirmed in the same X post.</p>
<p>With BitMine adding the foundation’s 5,000 ETH to its existing position, its total holdings could rise further above the 4.5 million ETH it reported last week.</p>

Ethereum Foundation offloads 5,000 ETH to BitMine as price climbs above $2K

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