Ethereum Foundation finalizes sale of 10,000 ether to BitMine as part of its treasury strategy
The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million.
The sale of 10,000 ether may lead to increased selling pressure in the short term, potentially causing a dip in ETH prices. However, if the market perceives this as a strategic move for long-term stability, prices may recover.
The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million.
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