The smart-contract platform and its ecosystem of apps, tokens, and rollups.
The Ethereum Foundation sold 10,000 ETH to Bitmine Immersion Technologies via OTC at $2,387/ETH (~$23.87M) on April 24, 2026, to fund operations. The sale, the second to Bitmine in two months, drew community criticism over the Foundation's silence on broader DeFi recovery efforts.
The Ethereum Foundation deployed approximately 20,470 ETH ($42-46 million) to the Beacon Chain across 11 coordinated deposits on Monday, marking one of the largest visible batches in recent months as it accelerates a 70,000 ETH staking initiative.
The Ethereum Foundation faced sustained community criticism throughout 2024 and into early 2025 for regularly selling ETH to cover its approximately $100 million in annual operating expenses, averaging a sale every 11 days in 2024. Each transaction sparked accusations of market manipulation and misalignment with Ethereum's values, fueling broader calls for governance reform and serving as a key catalyst for the leadership crisis that followed.
