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Ethereum Foundation just quietly sold 5,000 ETH OTC to Tom Lee’s BitMine at ~$2,043 each, $10.2M straight into their treasury.
Not a panic dump. This is straight from their playbook: funding R&D, grants, and ecosystem work without hitting open markets. It’s the second time they’ve done this with a corporate buyer (the first was SharpLink last summer).
Meanwhile, BitMine (with Tom Lee chairing) keeps stacking, now one of the biggest corporate ETH holders out there, channelling that MicroStrategy vibe on steroids.
ETH is rebounding above $2K anyway, with no real sell pressure from the OTC.
Corps loading while EF keeps building sustainably? Smells like quiet accumulation season.
Still stacking ETH? Hit if you’re riding this wave.