Bitmine to buy 10,000 ether for $23.9 million from the Ethereum Foundation
CoinDesk·2h ago·Neutral
What Happened
Bitmine Immersion Technologies purchased 10,000 ether from the Ethereum Foundation for $23.87 million in an over-the-counter transaction. The sale, finalized Friday, will support the foundation's protocol research, ecosystem development, and grants. Bitmine now holds 4.97 million ETH, positioning itself as the largest public ether holder and second-largest digital asset treasury firm globally.
Key Entities
Bitmine Immersion TechnologiesEthereum FoundationEther (ETH)Thomas Lee$23.87 million10,000 ether