Summary
- The Ethereum Foundation signed a deal to sell 10,000 ETH through an over-the-counter (OTC) transaction.
- The average sale price was $2,292.15, and the counterparty was BitMine (BitMNR).
- The market is focused on the foundation's consecutive sales, as well as whether there will be additional sales and how ecosystem investment will be deployed.
Forecast Trend Report by Period
The Ethereum Foundation has agreed to sell 10,000 Ether through an over-the-counter transaction to raise funds for its operations.
CoinDesk reported on May 1 that the foundation signed the OTC deal to sell 10,000 ETH.
The average sale price was $2,292.15, and the counterparty was BitMine (BitMNR).
The proceeds will be used for foundation operations, including protocol research and development, ecosystem development and community grants.
The foundation also sold 10,000 ETH through the same method on April 24.
The market is watching the rationale behind the foundation's consecutive sales and how the funds will be used. Whether it conducts additional sales and how it deploys ecosystem investment are key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
