Beanie
Ethereum Foundation has been the big winner. In the past few months alone it has sold 25000 ETH t...
2 hours agoBeaniebeaniemaxi
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The Ethereum Foundation has reportedly sold 25,000 ETH to BitMine at an average price of $2,400 over the past few months, representing a 35% premium over the current market price. Over the last five years, the foundation has liquidated approximately $700 million worth of ETH at an average price of $3,500 to fund its operations. The sentiment suggests the foundation has successfully timed its sales of Ethereum relative to current market valuations.

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By beaniemaxi

Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.