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BitMine acquires 5,000 ETH from the Ethereum Foundation for $10.22M

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Ethereum news broke on March 15, 2026, as BitMine, a leading Ethereum treasury firm, acquired 5,000 ETH from the Ethereum Foundation for $10.22 million. The off-exchange transaction priced ETH at an average of $2,042.96. The funds will support the foundation’s protocol development, ecosystem growth, and community grants. BitMine also stated its intention to continue purchasing additional ETH. The news underscores sustained institutional interest in the asset.

ChainThink reports that on March 15, BitMine, the Ethereum treasury company, posted: "We are pleased to support Ethereum Foundation's related work by acquiring ETH held by the foundation at a mutually agreed price. We will continue to increase our ETH holdings."


Previously reported, the Ethereum Foundation officially stated that today it finalized an over-the-counter transaction for 5,000 ETH at an average price of $2,042.96, with a total value of approximately $10.22 million. The counterparty to this over-the-counter trade is BitMine, Ethereum’s largest treasury holder. This sale will fund the foundation’s core operations and activities, including protocol development, ecosystem growth, and community grants.

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