Ethereum Foundation Raises $46M ETH After BitMine Sale, Raises $70K Plan
The Ethereum Foundation has stepped up its treasury valuation push, with $46.2 million in Ether in the biggest move since the recent sale of BitMine.
On Monday, the Foundation's Treasury Multi-Signature Wallet made 11 deposits into the Ethereum Beacon Deposit Contract, each worth approximately 2,047 Ether (ETH) for a total of 22,517 tokens worth approximately $46.2 million, according to data from Arkham Intelligence.
The Ethereum Foundation began accumulating ETH in February, depositing 2,016 ETH and planning to distribute up to 70,000 ETH to reinvest in research, ecosystem development, and aid.
The foundation also placed a small stake of 31 ETH earlier this month, which has historically been criticized for moving its holdings to around 24,564 ETH into stocks rather than relying on periodic sales of ETH.
Related: Ethereum Developers Propose ‘Economic Zone' To Address L2 Interruption
EF sells 5,000 ETH to BitMine in an OTC deal
The new stock move comes after EF completed an over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies for around $10.2 million. The foundation says the proceeds will support core initiatives including protocol research, ecosystem development and community support.
The transaction marks the foundation's second live OTC sale to a corporate buyer, following the July 2025 sale of 10,000 ETH to SharpLink Gaming.
AF currently holds $361 million in on-chain assets, according to Arkham, with smaller balances in networks such as Arbitrum, Optimism and Bitcoin holding the majority in Ether, roughly $360.8 million.
Related: Ethereum May Lose No. 2 as Stable Coin Lands
The price of Ether risks further decline
Ether fell below $2,000 over the weekend, raising the risk of a deep correction. Analysts including Onur, CryptoWZRD and Ted Pillows have pointed to repeated declines at $2,200 and weakening momentum, with some warning that ETH could fall to the $1,750–$1,850 range.
Ether demand has turned negative, hitting a 16-month low, according to Capriole Investments.
Magazine: Ethereum Fusaka Fork Explained For Dummies – What the hell is PeerDAS?
