Ethereum Foundation Offloads 5,000 ETH to BitMine (BMNR) in $10.2M Deal

TLDR BitMine Immersion Technologies (BMNR) acquired 5,000 ETH from the Ethereum Foundation through an over-the-counter transaction valued at approximately $10.2 million, with ETH priced at $2,042.96. This marks the Foundation’s second direct corporate ETH sale, after completing a $25.7M transaction with SharpLink Gaming in July 2025. BitMine, led by Chairman Tom Lee from Fundstrat, has become the world’s largest publicly listed Ether treasury company with holdings exceeding 4.5 million ETH valued at approximately $9.3 billion. Funds generated from the transaction will support the Foundation’s essential operations, including protocol research and development, ecosystem expansion, and grant programs for the community. The transaction follows the EF’s treasury management strategy, which allocates roughly 15% of treasury assets annually for operating expenses while maintaining reserves for multiple years. BitMine Immersion Technologies (BMNR) has acquired 5,000 ETH directly from the Ethereum Foundation through an over-the-counter deal valued at approximately $10.2 million. The transaction executed at an average rate of $2,042.96 for each ETH token. TOM LEE’S BITMINE JUST BOUGHT ETH DIRECTLY FROM THE ETHEREUM FOUNDATION The Ethereum Foundation confirmed it sold 5,000 ETH to BitMine in an OTC transaction worth roughly $10.2 M. The deal was priced at $2,042.96 per ETH. pic.twitter.com/yjKvW640PC — Coin Bureau (@coinbureau) March 14, 2026 The Foundation disclosed the transaction on Saturday through an announcement posted on X. The on-chain movement will be executed from an Ethereum Foundation Safe multisig wallet. Trading on the NYSE American exchange under ticker BMNR, BitMine operates under the leadership of Chairman Tom Lee, Fundstrat’s co-founder, who has publicly advocated for Ethereum as a strategic corporate treasury holding. Bitmine Immersion Technologies, Inc., BMNR With a current treasury exceeding 4.5 million ETH valued at approximately $9.3 billion, BitMine s...