Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Ethereum Foundation Sells 10,000 ETH to Bitmine for $23M on Friday, Cumulative $47M in Week

GateNews
ethereum newsCapital FlowOn-Chain Data
ETH0.92%
BMNR0.59%
According to The Block, the Ethereum Foundation sold 10,000 ETH valued at approximately $23 million to Tom Lee's Bitmine Immersion Technologies on Friday, bringing the total ETH sales to Bitmine to roughly $47 million within a week. The latest transaction occurred at an average price of $2,292.15 per ETH. Bitmine also began staking another 162,088 ether as of Thursday, bringing its total staked ETH to 4,194,029 ether worth about $9.5 billion, representing 83% of its cumulative holdings, according to blockchain analytics platform Lookonchain. The Ethereum Foundation said the funds from the sales will be directed towards core operations and activities, including protocol R&D, ecosystem development, and community grant funding.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

05-02 13:28
Ethereum Foundation Sells 10,000 ETH to Bitmine for $23 Million, Hitting $47 Million in Weekly Sales
05-02 09:17
Ethereum Mainnet Hits Record 72.8M Transactions in a Month
05-02 04:36
Ethereum Foundation Sells $47 Million Worth of ETH to Bitmine in Two Weeks After Latest $23M Deal
05-02 00:43
Ethereum Foundation Sells Another 10,000 ETH to Bitmine for $23M, Cumulative Sales Hit $47M
05-02 00:32
Vitalik Buterin Continues Selling Gifted Tokens, Totaling $529K ETH and $114,566 USDC
In-Depth Analysis

Ethereum Validators Confirm Block 25 Million After Nearly 11 Years of Runtime

Coinpedia05-02 12:41

Ethereum Foundation sells ETH to Bitmine again: cumulative $56.52 million

ChainNewsAbmedia05-01 18:35

Hundreds of Ethereum Wallets Simultaneously Hacked, Assets Transferred

Crypto Frontier05-01 17:41
Comment
0/400
GateUser-2fc957c4vip
· 05-02 20:17
Something or other is happening, and the fund is selling off—also, Vitalik Buterin. It looks like they’ve come up with some plan or intended to do something, or they know something—so it’s better to sell right now already.
View OriginalReply0