Ethereum Foundation Offloads $23M in ETH to BitMine for Third Time in Two Months - Invest In Crypto News
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Ethereum Foundation’s $23M ETH Transfer Fuels Market Concerns
The Ethereum ecosystem faced renewed market speculation after the Ethereum Foundation reportedly transferred another 10,000 ETH, valued at nearly $23 million, to treasury-focused firm BitMine for the second week in a row. The development intensified discussions surrounding Ethereum’s short-term price outlook as traders and analysts continued monitoring broader cryptocurrency market volatility. According to reports, the repeated transfers have pr…
Bitmine Buys 10,000 ETH from the Ethereum Foundation News ETHNews
Tom Lee’s Bitmine Immersion Technologies has acquired 10,000 ETH, worth just over $23 million, from the Ethereum Foundation. It was the second time the Foundation had sold to Bitmine in two weeks, triggering concerns over its spending from the Ethereum community. Bitmine Immersion Technologies, the Ether treasury company founded by Wall Street titan Tom Lee, has purchased 10,000 ETH from the Ethereum Foundation. The Foundation announced the sale…
Ethereum Foundation Offloads $23M in ETH to BitMine for Third Time in Two Months – #CryptoUpdatesGNIT
The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million. “This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote in a Friday post on X. The sale follows a nearly identic…
The Ethereum Foundation is once again selling off enormous ETH holdings to Bitmine. Tom Lee is massively expanding his treasury – but criticism is growing. Source: BTC-ECHO
The Ethereum Foundation is once again selling off enormous ETH holdings to Bitmine. Tom Lee is massively expanding his treasury – but criticism is growing. Source: BTC-ECHO
Ethereum Foundation Offloads $23M in ETH to BitMine for Third Time in Two Months - Invest In Crypto News
The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million. “This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote in a Friday post on X. The sale follows a nearly identic…
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