Ethereum Foundation Sells 10,000 ETH in OTC Deal to Fund Operations

The Ethereum Foundation has completed an over-the-counter (OTC) transaction, selling 10,000 ETH at an average price of $2,292.15. According to NS3.AI, BitMNR acted as the counterparty in this transaction. The foundation stated that the proceeds from the sale will be used to support its core operations. This recent sale is part of a series of OTC transactions, with the foundation's last three sales totaling 25,000 ETH, amounting to approximately $57 million.