The Ethereum Foundation is making headlines again for selling ETH, but this time the spotlight is on the buyer. The foundation dropped about 5,000 ETH in the middle market volatility and volatility values. The foundation gave reasons for its large ETH sale, explaining the continued support of operations and activities.
Ethereum Foundation Sells ETH To Crypto Company
The Ethereum Foundation has completed new sales of ETH to support its ongoing development efforts. In X’s post on March 14, the organization announced that it was loading 5,000 ETH, worth about $10 million, at an average price of $2,042.96 over-the-counter (OTC) sales.. The buyer in the deal is Bitmine, a publicly traded Bitcoin mining company operating under the ticker BMNR.
According to the Ethereum Foundation, the activity of ETH has been verified on the chain by the organization’s wallet Safe multisig at the address: 0x9fC3dc011b461664c835F2527fffb1169b3C213e. The sale represents part of the foundation’s comprehensive wealth management strategy, guided by detailed policies published in 2025.
The Ethereum Foundation also said that the money raised from the sale will be used for its core activities and operations. This includes research and protocol development, ecosystem management, and public grant funding. BitmineOTC’s participation highlights the growing network of institutional buyers interested in participating in the Ethereum ecosystem. The company continued with this buy ETH even during volatile market conditions.
Notably, this move also follows a series of previous ETH sales by the organization, demonstrating a systematic approach to funding key operational and development priorities. July 2025, the foundation sold 10,000 ETH to SharpLink Gaming through the same OTC system. Before that, the Ethereum Foundation had it made a bunch of small ETH sales throughout the year, it quietly loads thousands of coins across multiple operations to cover operating costs.
Basic Policy Guidelines for ETH Trading
The Ethereum Foundation’s financial policy, published July 2025, is designed to support the long-term sustainability of the blockchain ecosystem. The policy emphasizes that all remittances must balance the benefits received above the established rate while supporting the Ethereum network and complying with the core principles.
About Sales of ETH specifically, the policy explains that the foundation will often measure the extent to which its fiat-denominated assets differ from the target Opex Buffer. Based on that figure, they will decide how much ETH, if any, they will sell over the next three months. These sales are possible through fiat off-ramps or on-chain exchanges for fiat-denominated assets.
Although the organization has explained the reasons for its sale of ETH, the wider market is yet to feel its impact. Ethereum is trading above $2,200 after rising more than 12% in the last 24 hours. During its the price seems to be rising again from its previous downtrend, large sales of ETH, especially from prominent organizationscan affect market sentiment and price stability.
Featured image from Pixabay, chart from Tradingview.com
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