Ethereum Foundation Sells Approximately $47 Million in ETH to Bitmine Within a Week
2026-05-01 20:58
Odaily Planet Daily News The Ethereum Foundation has sold another 10,000 ETH (approximately $23 million) to Bitmine. Combined with a transaction of the same scale a week ago, the total sale amount has reached approximately $47 million.
The Foundation stated that the funds will be used for core operations, including protocol research and development, ecosystem building, and community grants.
Data shows that after completing the acquisition, Bitmine has continued to increase its staking. It has currently staked approximately 4.19 million ETH (about $9.5 billion), accounting for around 83% of its total holdings.
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