Ethereum Foundation Sold Approximately $47 Million Worth of ETH to Bitmine in One Week
2026-05-01 20:58
According to Odaily, the Ethereum Foundation has once again sold 10,000 ETH (approximately $23 million) to Bitmine. Combined with a transaction of similar scale a week earlier, the total sale amount has reached approximately $47 million.
The foundation stated that the relevant funds will be used for core operations, including protocol research and development, ecological construction, and community grants.
Data shows that Bitmine has continued to increase its staking after completing the acquisition. It has now staked approximately 4.19 million ETH (about $9.5 billion), accounting for about 83% of its total holdings.
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