The Ethereum Foundation (EF) has completed the sale of 5,000 ether (ETH), the cryptocurrency of its namesake network, to Bitmine Immersion Technologies, Inc., the company with the largest reserves of digital assets on the US market.
This transaction was executed at an average price of $2,042 per unit. This represents a $10 million capital movement The foundation says the funds will be used to fund the nonprofit organization’s operations. This corresponds to the financial plan built by EF To ensure the sustainability of technological developmentexplained the organization.
However, this is not a standalone sale. The foundation has been conducting sales in stages over the last year, but this strategy has received severe criticism from community members, who have called for the ETH sales to be halted to avoid downward price pressure.
They pointed out from the group that the Foundation calculates the amount of ETH to sell based on maintaining a working capital reserve of 2.5 years and an annual expenditure of 15% of the Treasury.
Official policy dictates selling more in bull markets and selling less or increasing support in bear markets. This position aims to provide predictability to developers and projects that rely on subsidies. Prevents cryptocurrency market volatility from undermining the long-term goals of the Ethereum network.
BitMine strengthens its position as a leader in the ETH Treasury
On the buy side, BitMine Immersion Technologies has taken advantage of the liquidity window to add assets to a portfolio that already far outpaces those of its competitors.
After acquiring 5,000 ETH, The company, led by Tom Lee, holds 4,539,563 ETH, worth more than $9.56 billion.. The company’s portfolio consists almost entirely of this cryptocurrency, but it also maintains diversified positions that include approximately 195 Bitcoin (BTC).
The size of BitMine’s reserves is remarkable when compared to its direct competitors. The company currently has a wide margin ahead of the second company, SharpLink (868,699 ETH), which holds the most ETH, as seen in the image.
This concentration of digital assets on a single balance sheet reflects the institutional investment thesis: Prioritizes Ether’s upside potential over other financial assets.
Cumulative outlook in the current market
This purchase execution came as Ethereum (ETH) price remained in the $2,000 range, showing a 7% increase over the past seven days.
BitMine President Thomas Lee has emphasized and defended the aggressiveness of his market strategy. According to a report by CriptoNoticias, Lee justified the ETH purchase by noting that the market is in the “final stages of a mini-winter.”
BitMine’s steady accumulation reinforces the institutional tendency to take advantage of price declines to shore up balance sheets ahead of potential cycle changes. The company’s stance suggests a long-term view that ignores immediate volatility and focuses on ETH’s growth.