Ethereum Foundation to Unload Another 10K ETH Following SharpLink Deal
0The Foundation shared that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants and donations.
The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations.
According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday’s prices.
“Conversions will take place over multiple smaller orders, rather than as a single large transaction,” the EF wrote in the post on X.
The news follows the EF’s rollout of a new treasury policy, shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.
The Foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to buy ETH from a key firm in the network’s ecosystem.
Tuesday’s announcement comes as ETH price has skyrocketed, reaching an all-time high in late August at $4,866.
ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.
Read more: Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
https://www.coindesk.com/tech/2025/09/02/ethereum-foundation-unloads-another-10k-eth-following-sharplink-deal
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