The Ethereum Foundation (EF) has confirmed plans to sell 10,000 ETH, valued at about $43 million, over the coming weeks. The move is part of a structured treasury strategy to fund ecosystem growth, research, and community support.
While EF trims its holdings, major corporations and financial groups are expanding their exposure to Ethereum.
EF adjusts treasury to fund operations
EF says the sales will occur through smaller transactions across centralized exchanges to reduce market disruption.
The decision follows its June treasury policy, which requires periodic reviews of fiat reserves to decide ETH sales each quarter.
Since adopting the framework, EF has completed several deals. This includes a $25 million transaction with SharpLink Gaming and two separate sales totaling $12.7 million.
Earlier this year, the foundation also paused new grant applications while redesigning its funding structure.
By the first quarter of 2025, EF had already allocated more than $32 million to research, education, and ecosystem grants.
EF’s past sales have had a major impact. In December 2020, the foundation sold 100,000 ETH. Shortly after, Ethereum began a prolonged rally that pushed the asset to record highs.
Institutions accumulate Ethereum at scale
Yunfeng Financial Group disclosed a purchase of 10,000 ETH this week, while Ether Machine revealed it secured 150,000 ETH to establish a treasury ahead of its Nasdaq listing. The company now controls more than 345,000 ETH, worth around $1.5 billion.
BitMine Immersion Technologies remains the largest corporate Ethereum holder. The company owns close to 1.9 million ETH, valued above $8.1 billion. Its balance sheet also includes $635 million in cash and Bitcoin.
BitMine treasury holdings growth Source: X
BitMine’s stock has surged more than 40% in the past month, supported by new institutional interest. ARK Invest expanded its stake, while chairman Tom Lee repeated his bullish outlook on Ethereum’s long-term growth.
Market sentiment remains strong despite EF’s upcoming sales. ETH trades near $4,326, up 23% over the last month.
The token sits just below its August peak of $4,870. Analysts note that institutional buying appears to be absorbing supply from EF’s sales.
Ethereum co-founder Joseph Lubin has also added to optimism. He says Wall Street adoption of staking and decentralized infrastructure could allow Ethereum to surpass Bitcoin as the world’s leading monetary base.