Ethereum Foundation Just Sold Another $22.9M in ETH — Here Is What the Data Shows

 



The Ethereum Foundation completed a 10,000 ETH sale this week, confirmed at an average price of $2,292.15 per coin through a direct over-the-counter deal with a company called BitMNR. The total came to just under $22.92 million.

That alone would be worth noting. But on-chain data puts it inside a much larger pattern.

Over the past three months, the Ethereum Foundation and Vitalik Buterin's personal wallet have together moved 49,326 ETH off their books. At an average price of $2,179, that adds up to $107.48 million in total ETH sold. The Foundation published both the buyer name and the transaction wallet address publicly before settlement, which is not common practice for treasury operations at this scale.

The same week this OTC deal closed, ETH exchange-traded funds recorded $82.5 million in net outflows. BlackRock's ETH product accounted for $27 million of that figure on its own.

Two different seller types. Same week. The Foundation moving ETH through private OTC channels while institutional ETF products recorded heavy net redemptions at the same time is a data combination that does not show up often.

The Foundation's stated use for the funds includes protocol research and development, ecosystem grants, and community programs. That explanation covers why they sell. It does not explain why $107 million moved in three months at a time when ETF demand is also pulling back.

For anyone watching ETH price structure, the math is in the numbers. 49,326 ETH has to find buyers somewhere, even through OTC. BlackRock's $27M exit from ETF products hit publicly visible redemption figures.

The full breakdown, including wallet addresses, transaction details, and the week's ETF outflow data, is covered in detail over at CryptoNewsLive.org. The reporting pulls together the Foundation's own X disclosures, on-chain tracking from Lookonchain, and the ETF flow data in one place.

Read the full story at CryptoNewsLive.org.

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