Ethereum Foundation sells 10,000 ETH in OTC deal

The Ethereum Foundation announced it has entered into an agreement to sell 10,000 ETH to BitMNR (Bitmine) through an over-the-counter (OTC) deal at an average price of $2,292.15. The funds raised will be used for the foundation's operations and activities, including protocol R&D, ecosystem development, and community grants. The foundation previously sold 10,000 ETH to Bitmine in another OTC transaction on April 24.