US EditionEthereum Foundation sells 5,000 ether to BitMine in $10.2 million OTC deal
28 Articles
28 Articles
Ethereum Foundation Sells $10.2M in ETH to Bitmine as New Mandate Redefines Network Stewardship
The Ethereum Foundation paired a $10.2 million ether sale with a sweeping new manifesto this week, signaling that while it still helps fund the network’s development, it no longer sees itself as Ethereum’s central authority. The $10.2M Ethereum OTC Deal On March 14, the Ethereum Foundation (EF) confirmed it completed an over-the-counter (OTC) sale of […]
The Ethereum Foundation has just monetized a small part of its reserve. The operation remains limited in volume, but it says a lot about the Foundation's new financial discipline and the rise in power of crypto cash companies. The BitMine article buys 5000 ETH from Ethereum Foundation appeared first on Cointribune.
The Ethereum Foundation sold 5,000 ETHs to BitMine Immersion Technologies for more than USD $10.2 million, in an operation to finance research, development and community subsidies. The transaction comes as ETH re-quotes over USD $2,000 and places again the focus on the growing role of cryptocurrency corporate treasury. *** The Ethereum Foundation sold 5,000 ETHs at an average price of USD $2,042.96 per unit. BitMine maintains more than 4.5 milli…
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