Ethereum Foundation Ramps Up ETH Sales Through OTC Deals
The Ethereum Foundation, a non-profit organization responsible for developing the Ethereum ecosystem, announced the sale of 5,000 ETH worth $10 million to Tom Lee's BitMine company. This is the Foundation's second known over-the-counter (OTC) deal, after selling 10,000 ETH to SharpLink Gaming in July 2025.
Such OTC deals allow the Ethereum Foundation to directly engage with large corporate investors and raise funds to finance the continued development of the Ethereum protocol and its ecosystem. In the context of a bearish market and declining cryptocurrency prices, this monetization channel is becoming increasingly in demand.
Experts note that the Ethereum Foundation's activity in the OTC market is a positive signal for the entire Ethereum community. This suggests that the Foundation has liquidity and is confident in the long-term prospects of its blockchain. Moreover, large OTC buyers, such as BitMine, demonstrate a serious interest in Ethereum, which may indicate an influx of institutional capital into the ecosystem.
Conclusion
Ethereum Foundation's sales through OTC channels are an important strategy for raising funds for the development of the protocol and its ecosystem. In the current crisis in the cryptocurrency market, such deals are becoming increasingly in demand and speak to the Foundation's confidence in the long-term prospects of Ethereum.