Ethereum Foundation Sells 5,000 ETH in OTC Deal With BitMine Immersion Technologies

tldr; The Ethereum Foundation sold 5,000 ETH in an over-the-counter (OTC) transaction with BitMine Immersion Technologies at an average price of $2,042.96 per ETH. The proceeds from the sale will be used to fund core operations, protocol research and development, ecosystem initiatives, and community grants. This move aims to support the ongoing work and initiatives managed by the foundation to advance the Ethereum ecosystem.

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