Ethereum Foundation Divests $47 Million in ETH to Treasury Giant BitMine
The Ethereum Foundation sold 10,000 ETH to BitMine Immersion Technologies on Friday, marking its third major OTC deal with the firm.
Total sales to BitMine have reached approximately $47 million over the last seven days to fund protocol R&D and ecosystem grants.
BitMine, led by Tom Lee, has emerged as the world’s largest corporate ETH holder with nearly 5 million ETH in its treasury.
The Ethereum Foundation has significantly increased...
