The Ethereum Foundation completed the over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies, a transaction valued at approximately $10.2 million based on the agreed price of $2,042.96 per ETH.
On Saturday post in Case The onchain transfer will come from the multi-signature Ethereum Foundation Safe and sound wallet.
BitMine, a company listed on the American Stock Exchange on the Fresh York Stock Exchange under the symbol BMNR, has become one of the largest corporate holders of Ether (ETH). The company, led by Fundstrat co-founder Tom Lee, holds more than 4.5 million ETH worth about $9.3 billion, according to industry treasury research.
The company has been steadily accumulating Ether since mid-2025, using a strategy similar to Strategy’s Bitcoin (BTC) accumulation model.
Related: Ether accumulation data predicts an escalate to 2.8 thousand. dollars, but there is a catch
EF conducts second corporate ETH OTC sale
This transaction marks the second sale of ETH by the Ethereum Foundation directly to a corporate treasury buyer in an OTC transaction. In July 2025, the organization sold 10,000 ETH to SharpLink Gaming at an average price of $2,572.37, representing a transaction worth approximately $25.7 million.
These periodic sales are part of the Ethereum Foundation’s treasury management framework introduced in June 2025. Under this policy, the organization periodically converts a portion of its ETH holdings to maintain a fiat-based operating reserve. This framework assumes annual expenditure of approximately 15% of treasury resources, while maintaining a multi-year operational runway.
The announcement comes shortly after the foundation began investing part of its treasury, with plans to deploy approximately 70,000 ETH in validators using open source infrastructure.
Related: Ethereum Accumulation Wallets Jump 30%: Will ETH Price Follow?
The EF publishes a mandate defining its role
This week, the Ethereum Foundation issued a novel mandate defining its role in governing the Ethereum ecosystem, emphasizing decentralization and user sovereignty over assets and data. The document states that Ethereum should remain censorship-resistant, open source, and privacy-protective, while scaling to support global adoption.
The foundation said it would focus on core protocol updates, long-term research, cybersecurity and development tools, while gradually limiting its direct impact on the network.
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