Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

The funds will support the EF's core operations, including protocol R&D and ecosystem grants, as part of a treasury strategy to balance ETH and fiat-like assets. What to know : The Ethereum Foundation (EF) completed an over-the-counter (OTC) sale of 5,000 ETH to BitMine Immersion Technologies (BMNR) for approximately $10.2 million. The funds will support the EF's core operations, including protocol R&D and ecosystem grants, as part of a treasury strategy to balance ETH and fiat-like assets. BitMine, the largest publicly-traded ether treasury firm holding around 4.53 million ETH, was the counterparty in the deal, which follows the EF's recent decision to stake up to 70,000 ETH.