[Ethereum Foundation Sells 5,000 ETH to BitMine, Worth Approximately $10.22 Million] BlockBeats News, March 15: The Ethereum Foundation officially announced that today it finalized an over-the-counter transaction of 5,000 ETH at an average price of $2,042.96, with a total value of approximately $10.22 million. The counterparty in the OTC transaction is BitMine, the largest treasury company in the Ethereum ecosystem. The proceeds from this sale will fund the foundation's core operations and activities, including protocol research and development, ecosystem development, community grant funding, and more.