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Ethereum Foundation executes 5,000 ETH OTC sale to BitMine Immersion Technologies on 14 March
On 14 March, the Ethereum Foundation transferred 5,000 ETH, worth about $10.38 million, from its treasury to a new wallet before confirming an OTC sale to BitMine Immersion Technologies at roughly $2,042 per ETH. This move reflects a broader transition from exchange-based liquidations to direct institutional deals, with corporate treasuries now holding over 5.15 million ETH compared with the Foundation's remaining 169,863 ETH.