Bitmine to buy 10,000 ether for $23.9 million from the Ethereum Foundation
Bitmine is purchasing 10,000 ETH from the Ethereum Foundation for $23.87 million in an over-the-counter deal. The treasury firm, led by Fundstrat's Thomas Lee, now holds 4.97 million ETH while pursuing a 5% supply target of roughly 6 million tokens. Foundation proceeds will fund protocol research and ecosystem development. ETH currently trades below the $2,387 sale price.
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