The Ethereum Basis introduced right now it executed an OTC sale of 5,000 ETH to Bitmine, the biggest Ethereum treasury agency led by Thomas “Tom” Lee.
0/ As we speak, the Ethereum Basis finalized the phrases of a 5,000 ETH sale at a median value of $2,042.96 by way of OTC.
For this sale, our OTC counterparty was @BitMNR.
— Ethereum Basis (@ethereumfndn) March 14, 2026
The EF plans to make use of proceeds from the sale to help its ongoing actions, together with protocol analysis and growth, ecosystem progress initiatives, and neighborhood grant packages.
The Basis nonetheless holds roughly 170,000 ETH value round $356 million, in response to Arkham Intelligence information. The entity has begun staking its treasury ETH, beginning with 2,016 in February and planning to stake about 70,000 ETH in whole.
Bitmine has steadily gathered ETH since launching its treasury technique final June. The corporate’s holdings have exceeded 4.5 million models, valued at $9.5 billion at present market costs.
Over 3 million ETH is presently staked, producing annualized staking revenues of roughly $174 million, with potential to achieve $259 million when absolutely deployed by means of its upcoming MAVAN validator community.
Ethereum Basis outlines mission and rules in new EF Mandate
The sale follows the Basis’s current launch of the EF Mandate, a doc defining its position and guiding philosophy in supporting the event of Ethereum.
The muse stated its major duty is safeguarding Ethereum’s dedication to consumer self-sovereignty.
The mandate says the community should stay censorship-resistant, open supply, non-public, and safe, whereas emphasizing that the muse is one steward amongst many, not the community’s authority.
