Ethereum Offloads 5000 ETH to Bitmine: Strategic Capital Pivot
The Ethereum Foundation liquidates assets to sustain ongoing protocol development and operational scale. Ethereum just rocketed past $2,200, surging over 12% in 24 hours. Yet, beneath this seemingly bullish wave, the Ethereum Foundation quietly divested another 5,000 ETH for roughly $10 million , at an average price of $2,042.96 . The buyer? Bitmine, a publicly traded Bitcoin mining company. The sequence of these events should make any serious investor pause. ETH Price Trend Last 7 Days Powered by CryptoCompare 🏛️ The Foundation's Calculated Capital Pivot The Ethereum Foundation's recent sale of 5,000 ETH via an over-the-counter (OTC) transaction isn't an anomaly; it's a structural ...