Ethereum·CoinDesk· 1h ago

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

The Big Coin Report Take

The Ethereum Foundation offloaded a chunk of ETH to BitMine, citing "treasury strategy" to balance assets. Apparently, even the architects of the decentralized future still need some good old-fashioned fiat-like assets to keep the lights on.

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