Ethereum Foundation Completes $10.2M ETH Sale to BitMine in Treasury Strategy

• Ethereum Foundation sells 5,000 ETH to BitMine in $10.2M deal.
• BitMine expands massive ether treasury as institutional ETH accumulation accelerates.
• Ethereum Foundation uses OTC strategy to fund development and ecosystem growth.

A fresh treasury transaction from the Ethereum Foundation has drawn market attention after the organization confirmed a direct over the counter sale of ether to a publicly traded corporate buyer as part of its ongoing funding strategy.

The Ethereum Foundation completed the sale of 5,000 ETH to BitMine Immersion Technologies in a deal valued at about $10.2 million based on an average price of $2,042.96 per coin. According to the foundation’s update shared on X, the transaction will move from an Ethereum Foundation Safe multisig wallet, which the organization uses to handle treasury operations involving large blockchain transfers.

Also Read: Markus Infanger: Age, Net Worth, and the Ripple Executive Driving Institutional Blockchain Adoption

BitMine Expands Corporate Ether Treasury

BitMine Immersion Technologies continues expanding its corporate ether strategy through the purchase as the company strengthens its position among institutional holders of the cryptocurrency. The firm trades on the NYSE American exchange under the ticker BMNR and operates under the leadership of Fundstrat strategist Tom Lee, who serves as chairman.

Data compiled by the treasury tracker shows BitMine holding more than 4.5 million ETH, which carries an estimated value of about $9.3 billion based on recent market prices.

The company began aggressively accumulating ether in mid 2025 while adopting a treasury strategy modeled after corporate bitcoin accumulation approaches previously used by major firms. Ether traded near $2,075 at the time the Ethereum Foundation disclosed the transaction, which placed the negotiated sale price close to prevailing market levels across exchanges.

Ethereum Foundation Uses OTC Deals to Manage Treasury Sales

This transaction represents the second time the Ethereum Foundation has sold ether directly to a corporate treasury buyer through an over the counter structure rather than public exchanges. A previous deal took place in July 2025 when the foundation sold 10,000 ETH to SharpLink Gaming at an average price of $2,572.37 per token.

That earlier transaction carried a value of roughly $25.7 million and followed the treasury framework published by the foundation in June 2025. The policy allows the organization to periodically convert part of its crypto holdings into funds used to support operational expenses.

Revenue from these sales supports protocol research, ecosystem development and grants distributed to developers building applications across the Ethereum network. The treasury framework also targets annual spending equal to roughly 15 percent of the foundation’s holdings while maintaining a reserve buffer capable of covering about two and a half years of operations.

Also Read: Ethereum Faces Rising Risk of Losing Second Place as USDT Growth Accelerates

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