The Ethereum Basis introduced in the present day it executed an OTC sale of 5,000 ETH to Bitmine, the biggest Ethereum treasury agency led by Thomas “Tom” Lee.
0/ Immediately, the Ethereum Basis finalized the phrases of a 5,000 ETH sale at a median value of $2,042.96 through 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 price round $356 million, in accordance with 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 accrued 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 at the moment staked, producing annualized staking revenues of roughly $174 million, with potential to achieve $259 million when absolutely deployed via its upcoming MAVAN validator community.
Ethereum Basis outlines mission and rules in new EF Mandate
The sale follows the Basis’s latest launch of the EF Mandate, a doc defining its function and guiding philosophy in supporting the event of Ethereum.
The muse stated its major accountability is safeguarding Ethereum’s dedication to person self-sovereignty.
The mandate says the community should stay censorship-resistant, open supply, non-public, and safe, whereas emphasizing that the inspiration is one steward amongst many, not the community’s authority.
