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Shencao TechFlow News: On March 15, Ethereum treasury company BitMine announced in a statement, "We are pleased to acquire ETH held by the Ethereum Foundation at a mutually agreed price to support its relevant work. We will continue to increase our ETH holdings."
According to previous reports, the Ethereum Foundation officially stated that today it finalized an over-the-counter transaction of 5,000 ETH at an average price of 2,042.96 USD, with a total value of approximately 10.22 million USD. The OTC counterparty is BitMine, Ethereum's largest treasury company. The proceeds from this sale will fund the Foundation's core operations and initiatives, including protocol research and development, ecosystem development, and community grants programs.