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Ethereum Foundation Sells 10,000 Ether to BitMine at $2,387 Each

Source
Uk Jin

Summary

  • The Ethereum Foundation said it sold a large amount of Ether to BitMine, a publicly traded company that holds Ether in reserve.
  • The Ethereum Foundation announced that it had decided to sell 10,000 Ether to BitMine at $2,387 each on April 24.
  • The foundation said the Ether sale was intended to secure operating funds for protocol research and development, ecosystem expansion and community support.

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Photo: Screenshot from the Ethereum Foundation's X account
Photo: Screenshot from the Ethereum Foundation's X account

The Ethereum Foundation has sold 10,000 Ether to BitMine, a publicly traded company that holds Ether in reserve.

The foundation announced on X on April 24 that it had decided to sell the tokens to BitMine at $2,387 each.

It said the sale was intended to secure operating funds for protocol research and development, ecosystem expansion and community support.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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