The Ethereum Foundation (EF) revealed plans to sell 10,000 ETH, valued at roughly $43 million, through centralized exchanges over the coming weeks. In a post on X, EF said sales will be conducted via smaller orders rather than a single large trade, with proceeds supporting research, development, ecosystem grants, and charitable initiatives.
This follows EF’s updated treasury policy from June, which capped annual operational spending at 15%, built a multi-year reserve buffer, and signaled a long-term shift toward leaner financial management. The Foundation also sold 10,000 ETH to SharpLink Gaming in July, marking the first sale of ETH to a publicly traded company directly from the Ethereum ecosystem.
The new sale comes as ETH’s price momentum strengthens, with the token reaching an all-time high of $4,866 in late August. By balancing cash reserves with ETH holdings, the Foundation continues to manage sustainability while funding ecosystem growth.
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