ChainThink message, March 15: Ethereum treasury firm BitMine announced, "We are pleased to have acquired ETH held by the Ethereum Foundation at a mutually agreed-upon price to support its ongoing initiatives. We will continue increasing our ETH holdings."

Previously reported, the Ethereum Foundation officially stated that today concluded an OTC transaction of 5,000 ETH at an average price of $2,042.96, totaling approximately $10.22 million. The counterparty in this OTC trade was BitMine, the largest Ethereum treasury firm. This sale will fund the Foundation’s core operations and activities, including protocol research and development, ecosystem development, and community grant programs.