
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.

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.