Ethereum News: Bitmine (BMNR) to Buy 10,000 ETH for $23.8M From Ethereum Foundation

Ethereum news: Bitmine (BMNR) to buy 10,000 ETH for $23.8M from Ethereum Foundation

The transaction brings the firm’s holdings closer to the 5% of all ETH milestone.

Ethereum Price Eyes Breakout: Can ETH Reclaim $2.8K After Foundation Offloads 10K Coins?

TLDR: Ethereum price trades near $2,300 while holding above key $2,000 support during the early recovery phase Ethereum Foundation sold 10,000 ETH worth $23.9 million at an average price of $2,387 Technical signals show a possible shift as the Ethereum price attempts to reclaim key resistance zones Market structure shows consolidation between $2,000 and $2,800 before a potential breakout move Ethereum traded near $2,300 as market structure show…

Ethereum Foundation Sells 10,000 ETH to BitMine in OTC Deal

Key Insights Ethereum Foundation sold 10,000 ETH to the Ether treasury company BitMine. Many are criticizing the foundation for the sale, noting its silence on the DeFi United recovery effort for KelpDAO rsETH. BitMine is getting closer to holding 5 million ETH as the firm stays bullish. The Ethereum Foundation has announced the sale of 10,000 ETH to the Ethereum treasury company BitMine. The foundation shared the details in an X post, noting t…

Ethereum Foundation Sells 10,000 ETH To BitMine In $24M OTC Deal

Barely a month after its first transaction with BitMine, the Ethereum Foundation has announced another sale of significant amounts of Ether tokens to the digital asset treasury (DAT) company. BitMine Picks Up Additional 10,000 ETH From Ethereum Foundation In an April 24th post on the X platform, the Ethereum Foundation disclosed that it has “finalized […]

Ethereum Faces $2.4K Resistance as Foundation Sells 10K ETH in OTC Market Move - Invest In Crypto News

TLDR: Ethereum trades near $2.3K, staying below the weekly 200 MA and EMA, with $2.4K acting as key resistance. CryptosRus reports the Ethereum Foundation sold 10,000 ETH OTC at $2,387, totaling about $23.9M to BitMine. OTC transaction signals institutional absorption of ETH liquidity, reducing immediate exchange-side selling pressure. Price remains in a broader downtrend, with support near $2.1K and resistance extending toward $2.8K–$3.5K zones…

Ethereum news: Bitmine (BMNR) to buy 10,000 ETH for $23.8M from Ethereum Foundation - Technology Shout

Bitmine Immersion Technologies (BMNR) said it is purchasing 10,000 ether (ETH) from the Ethereum Foundation, which will solidify its position as the largest digital asset finance company after Bitcoin-centric Strategies (MSTR). The terms of the over-the-counter transaction, worth $23.87 million, were finalized on Friday, the Ethereum Foundation said in an X post. ETH is currently trading at approximately $2,310, approximately 3% lower than the s…