Ethereum Foundation Offloads 10,000 ETH to BitMine
May 2, 2026 at 08:03
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✦ AI Summary
- Ethereum Foundation completes a third OTC deal
- Total sales to BitMine now exceed $47 million
- Critics are questioning the foundation's sales strategy
The Ethereum Foundation has recently executed its third over-the-counter (OTC) deal, selling an additional 10,000 ETH to BitMine. This brings the total amount sold to BitMine to approximately $47 million within just a week.
While such transactions are not uncommon in the crypto world, the frequency and volume of these sales have sparked concern among investors and analysts, who fear the implications for the Ethereum ecosystem.
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