Ethereum Foundation to sell 10K ETH ’to fund R&D, grants, and donations’
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The roughly $43-million Ether sale will be one of the latest actions by the foundation following the rollout of its treasury policy in June.
The Ethereum Foundation (EF) has announced another sale worth about $43 million in Ether as part of efforts to fund research and development, grants, and donations related to the ecosystem.
In a Tuesday X post, the foundation said it planned to convert 10,000 Ether (ETH) using centralized exchanges “over several weeks.” The group said the conversion intended to fund its work “will take place over multiple smaller orders, rather than as a single large transaction.”
The foundation supporting the Ethereum blockchain released a treasury policy in June, which laid out considerations for ETH sales. Specifically, EF said it would “periodically calculate the deviation of the treasury’s fiat-denominated assets [...] and determine how much, if any, Ether will be sold over the next three months.”
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