Ethereum Foundation sells 10,000 ETH to fund R&D, support fund and charity.

The Ethereum Foundation (EF) has just announced the sale of Ether worth approximately 43 million USD to fund research, development, grant programs, and charitable activities related to the ecosystem.

In a post on X on Tuesday, EF stated that it would convert 10,000 ETH through centralized exchanges "over the coming weeks." The fund affirmed that the sell would be broken down into multiple orders, rather than a single large transaction, in order to limit the impact on the market.

This move comes after EF temporarily suspended the acceptance of new funding applications last Friday to restructure the funding process. As of Q1/2025, EF has allocated more than 32 million USD in funding, including community and educational projects.

In June, EF announced its fund management policy, which stipulates that it will "periodically calculate the valuation asset difference according to fiat [...] and decide the amount of Ether to sell in the next three months." Since then, EF has sold approximately 25 million USD worth of ETH to SharpLink Gaming and 2,795 ETH in two other transactions. One of EF's largest deals was the sale of 100,000 ETH in December 2020, which is believed to have contributed to pushing the price of Ether to a record high in the following months.

Alongside the activities of EF, Yunfeng Financial Group also revealed on Tuesday that it purchased 10,000 ETH on the open market, unrelated to the fund's sale. Additionally, Ether Machine stated that it had bought 150,000 ETH to build up reserves before listing on Nasdaq, bringing its total holdings to over 345,000 ETH (, equivalent to about 1.5 billion USD).

Last weekend, Ethereum co-founder Joseph Lubin commented that Wall Street's increasing acceptance of ETH could help this currency "dethrone" Bitcoin as the "monetary foundation." ETH reached a historic high of over 4,966 USD in August, following comments from Fed Chairman Jerome Powell about the possibility of "adjusting the interest rate policy" of the U.S.

Thạch Sanh