Ethereum Foundation Plans to Sell 10,000 ETH for Development Funding

The Ethereum Foundation (EF) will sell 10,000 ETH through centralized exchanges over the coming weeks to fund research, development, ecosystem grants, and donations. This sale is valued at approximately $43 million based on current prices.

Key points include:

• Sales will occur in multiple smaller orders instead of a single large transaction.
• This follows a new treasury policy introduced in June, capping operational spending at 15% and establishing a reserve buffer.
• The EF previously sold 10,000 ETH to SharpLink Gaming in July.
• ETH reached an all-time high of $4,866 in late August and was trading at about $4,330, reflecting a 2% increase in 24 hours.