Wu said has learned that the Ethereum Foundation stated it has sold 5,000 ETH through over-the-counter (OTC) trading at an average price of $2,042.96, with BitMNR as the counterparty, for a total of approximately $10.38 million. The funds will be used for the Foundation's core operations and related activities, including protocol research and development, ecosystem development, and community grants.
Wu said has learned that the Ethereum Foundation stated it has sold 5,000 ETH through over-the-counter (OTC) trading at an average price of $2,042.96, with BitMNR as the counterparty, for a total of approximately $10.38 million. The funds will be used for the Foundation's core operations and related activities, including protocol research and development, ecosystem development, and community grants.