Ethereum Foundation Sells 10000 ETH to BitMine in $22.9M Treasury Deal
The Ethereum Foundation sold 10,000 ETH to Tom Lee's BitMine at $2,292.15 per token, raising roughly $22.9M to fund core operations and ecosystem grants.
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Gulendam Kaya is a financial writer and crypto market analyst based in Remagen, Germany. She has followed cryptocurrency markets since 2019, with a focus on Bitcoin price cycles, macroeconomic indicators, and on-chain data interpretation. Her analytical approach combines technical chart reading with broader market sentiment analysis, drawing on her background in tracking digital asset trends across multiple market cycles including the 2020 bull run, the 2022 bear market, and the institutional adoption wave of 2024. At CoinMindAI, she covers daily Bitcoin and altcoin price analysis, translating complex market signals into clear, actionable context for readers.
The Ethereum Foundation sold 10,000 ETH to Tom Lee's BitMine at $2,292.15 per token, raising roughly $22.9M to fund core operations and ecosystem grants.
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