{"id":592808,"date":"2026-05-02T08:53:27","date_gmt":"2026-05-02T08:53:27","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/05\/02\/ethereum-foundation-sells-another-10000-eth-to-bitmine-in-third-otc-deal\/"},"modified":"2026-05-02T08:53:27","modified_gmt":"2026-05-02T08:53:27","slug":"ethereum-foundation-sells-another-10000-eth-to-bitmine-in-third-otc-deal","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/05\/02\/ethereum-foundation-sells-another-10000-eth-to-bitmine-in-third-otc-deal\/","title":{"rendered":"Ethereum Foundation sells another 10,000 ETH to BitMine in third OTC deal"},"content":{"rendered":"

\"Ethereum<\/p>\n

The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales.<\/p>\n

The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million.<\/p>\n

\u201cThis sale funds the Ethereum Foundation\u2019s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,\u201d the Foundation wrote<\/a> in a Friday post on X.<\/p>\n

The sale follows a nearly identical 10,000 ETH transaction completed just one week earlier<\/a> at $2,387 per coin. The Foundation’s first sale to BitMine came in March, when it sold 5,000 ETH at around $2,043. Combined, the Foundation has sold approximately $47 million worth of ETH to BitMine in the past week alone.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales. The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-592808","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/592808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=592808"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/592808\/revisions"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=592808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=592808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=592808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}