Ethereum Foundation Sells Approximately $47 Million Worth of ETH to Bitmine in One Week
2026-05-01 20:58
Odaily Planet Daily News The Ethereum Foundation has sold 10,000 ETH (approximately $23 million) to Bitmine again, adding to a similar transaction a week ago, bringing the total sales amount to about $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 Bitmine has continued to increase its staking after completing the acquisition, currently staking approximately 4.19 million ETH (about $9.5 billion), accounting for roughly 83% of its total holdings.
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