tldr; The Ethereum Foundation announced plans to sell 10,000 ETH through centralized exchanges in the coming weeks. The proceeds will fund research, development, ecosystem grants, and donations. The sale will occur via multiple small orders rather than a single large transaction. This follows new treasury policies introduced in June, including capped annual expenses and gradual spending reductions. In July, the Foundation sold 10,000 ETH to SharpLink Gaming, marking its first sale to a publicly traded company.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
iamsoldats on
***Howey test intensifies***
schnapps91038 on
Everything is going to be fine, isn’t it?
Odd_Fan_3394 on
why do they have to sell through cntralized exchanges and not at over the counters just like Strategy? Is it in their best interest that Eth price should go down?
tobypassquarant on
Interesting how you contracted Ethereum Foundation as EF in the title.
CipherScarlatti on
Saylor will probably contact them to do a direct sale.
43 million of ETH then buy Bitcoin.
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tldr; The Ethereum Foundation announced plans to sell 10,000 ETH through centralized exchanges in the coming weeks. The proceeds will fund research, development, ecosystem grants, and donations. The sale will occur via multiple small orders rather than a single large transaction. This follows new treasury policies introduced in June, including capped annual expenses and gradual spending reductions. In July, the Foundation sold 10,000 ETH to SharpLink Gaming, marking its first sale to a publicly traded company.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
***Howey test intensifies***
Everything is going to be fine, isn’t it?
why do they have to sell through cntralized exchanges and not at over the counters just like Strategy? Is it in their best interest that Eth price should go down?
Interesting how you contracted Ethereum Foundation as EF in the title.
Saylor will probably contact them to do a direct sale.
43 million of ETH then buy Bitcoin.