Ethereum Foundation has completed the sale of 10,000 ETH to BitMine

Jinse Finance reported that on May 2, the Ethereum Foundation completed the sale of 10,000 ETH to BitMine, with an average transaction price of $2,292.15 (approximately $22.9 million). This marks another disposal of funds following a similar transaction earlier this year. The proceeds will be used to support operational expenses, such as research and development (RD) and ecosystem grants, and will be executed via disclosed multi-signature wallets as part of its ongoing fund management strategy.