Ethereum Foundation Sells 10,000 ETH to Bitmine in Latest OTC Transaction
The Ethereum Foundation sold 10,000 ETH valued at $22.92 million to Bitmine via an over-the-counter deal seven hours ago. This marks the latest in a series of sales by the foundation and associated wallet vitalik.eth over recent months. Total sales in the past three months reached 49,326 ETH for $107.48 million.
cointelegraph.comThe transaction occurred seven hours ago, according to blockchain analytics firm Lookonchain. This sale continues a pattern of ETH disposals by the foundation.
Lookonchain reported these figures, noting the cumulative activity. EmberCN detailed specific transactions in the last month and a half, totaling 30,000 ETH sold for $68.1 million. These include a March 15 OTC sale of 5,000 ETH to Bitmine at $2,043 per ETH and an April 11 on-chain swap of 5,000 ETH at $2,221 per ETH.
Additional sales listed by EmberCN occurred on April 24, with 10,000 ETH sold OTC to Bitmine at $2,387 per ETH, and the most recent on May 2, involving 10,000 ETH at $2,292 per ETH. All OTC transactions went to Bitmine, described as an Ethereum treasury company.
The sources agree on the details of the latest sale but differ slightly in the scope of cumulative figures. eth, while EmberCN focused on 30,000 ETH from the foundation in the last month and a half. No contradictions appear in the transaction specifics, such as dates, amounts, prices, and methods.
Bitmine served as the buyer in all reported OTC deals. The foundation's address was referenced in EmberCN's report, though not specified here for brevity. These sales reflect ongoing ETH management by the foundation.
eth. eth, focusing solely on foundation activity. The average price across the three-month period, as per Lookonchain, stood at $2,179. Individual transaction prices varied, with the highest at $2,387 on April 24 and the lowest at $2,043 on March 15.
" — Lookonchain, May 3, 2026 (Twitter). No further sales were reported beyond May 2 in the provided sources. The activity spans from mid-March to early May 2026. EmberCN noted that Bitmine offers lower VIP rates and benefits, but this appears promotional and unrelated to the core transaction facts.
The sources did not provide reasons for the sales or future plans.
Transparency
Clean factual recap of on-chain sales data with transparent sourcing; minor inherited pattern language but no loaded verbs, speculation, or misdirection.
Valence skew: repetitive 'disposals/sales' framing echoes source tone without counter-context
The Ethereum Foundation is responsibly managing its treasury by steadily converting ETH holdings into stable capital at market rates to fund ongoing development.
2 independent outlets report the same core facts. This score blends how many outlets corroborate, their editorial tier, and how closely their facts agree — it measures corroboration, not proof.
Sources framed at 18; our rewrite scored 18 — in line with the sources.
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