The Ethereum Foundation (EF) announced plans to sell 10,000 ETH, valued at about $43 million, to fund research, grants, and donations.
Sale of ETH and its objectives
The Ethereum Foundation announced its plan to sell 10,000 ETH to create a steady funding source for the Ethereum ecosystem amidst an unstable market. Instead of treating each sale as an isolated event, the foundation plans to convert ETH into fiat to sustain funding for grants and operational expenses. In the first quarter of 2025, the foundation provided over $32 million in grants to developers and researchers.
Treasury management strategy
The sale of 10,000 ETH is part of a broader treasury management strategy by EF. Earlier, the foundation sold $25 million worth of ETH and completed two other transactions totaling $12.7 million in accordance with its treasury policy. This policy mandates the creation of a multi-year reserve buffer to ensure there are sufficient funds for operations and commitments.
ETH market and investment trends
Amid growing interest from institutional investors, ETH rose over 23% in the past month, trading around $4,326. On the same day, Yunfeng Financial Group purchased a similar amount of ETH from the open market. Comments by Ethereum co-founder Joseph Lubin suggesting ETH could become a leading global currency also illustrate the increasing interest in the asset.
The announced sale of ETH by the Ethereum Foundation highlights its commitment to sustainable funding and support for the ecosystem. This move reflects the growing maturity of Ethereum as an investment asset in the market.
