Ethereum (ETH) Foundation Sells $10.2M to Bitmine in Shift

On March 14, 2026, the Ethereum Foundation completed a notable move in its treasury strategy by selling 5,000 ETH, worth about $10.2 million, directly to BitMine Immersion Technologies in an over‑the‑counter (OTC) transaction. This wasn’t a typical exchange sale. It was a strategic placement with a public corporate buyer led by Tom Lee, signaling stronger institutional interest in Ethereum than we’ve seen before. The proceeds will help fund ongoing research, ecosystem growth, and community initiatives.