BroadChain learned that on April 26 at 03:06, according to Bitcoinist, the Ethereum Foundation announced on April 24 that it had sold 10,000 ETH to digital asset treasury company BitMine through an over-the-counter transaction, at an average price of approximately $2,387, with a total value of nearly $24 million. This is the second transaction between the two parties, following the sale of 5,000 ETH on March 14.
This sale is part of the foundation's ongoing treasury management policy, aimed at maintaining fiat-denominated assets to cover operational expenses. Although the community has criticized the foundation for not generating revenue through staking instead of direct sales, the foundation recently sent 45,000 ETH to the Beacon Deposit Contract, approaching the staking target of 70,000 ETH.
BitMine, as the largest corporate holder of Ethereum, purchased 101,600 ETH last week and currently holds a total of 4.976 million ETH (accounting for 4.12% of the total supply). Its goal is to hold 5% of the supply, and it is expected to continue increasing its holdings. As of press time, ETH is quoted at $2,316, down 0.6% in 24 hours, with a weekly decline of approximately 5%.