The Ethereum Foundation has revealed its plan to sell 10,000 ETH, valued at roughly $43 million, over the course of September. The move is aimed at securing funding for ecosystem development, grants, and research initiatives.
According to the Foundation, the sales will not happen in a single bulk transaction but instead be spread across several smaller trades to minimize market disruption. This structured approach aligns with its broader strategy of financial transparency and operational stability.
Recent on-chain activity already hinted at the Foundation’s intent, with more than 7,000 ETH sold in mid-August, totaling about $33 million. Earlier this summer, the Foundation also executed an over-the-counter sale of 10,000 ETH to a private buyer, raising around $25 million to support various projects.
These sales form part of the Foundation’s long-standing practice of converting portions of its holdings into operational funding. The organization emphasized that this is not a speculative move but rather a planned treasury management strategy designed to ensure Ethereum’s long-term growth and sustainability.
Bottom line: The Foundation’s decision highlights a pragmatic balance between maintaining its ETH reserves and funding the continued expansion of the Ethereum ecosystem.
