Ethereum Foundation has completed the sale of 10,000 ETH to BitMine
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Jinse Finance reported that on May 2, the Ethereum Foundation completed the sale of 10,000 ETH to BitMine, with an average transaction price of $2,292.15 (approximately $22.9 million). This marks another disposal of funds following a similar transaction earlier this year. The proceeds will be used to support operational expenses, such as research and development (RD) and ecosystem grants, and will be executed via disclosed multi-signature wallets as part of its ongoing fund management strategy.
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