The Ethereum Foundation has sold 20,000 ETH over the past week through over-the-counter (OTC) deals, as part of a strategic treasury management initiative. The latest sale of 10,000 ETH was executed at an average price of $2,292.15 with BitMNR, following a similar transaction on April 24 at approximately $2,387. These sales, totaling over $45 million, were conducted to avoid direct market impact. On-chain data from Arkham confirms these coordinated transfers, indicating a broader strategy involving treasury operations and asset rotation. The Foundation has also rebalanced its staking position, swapping 21,269 aWETH into wstETH with Lido Finance and Mellow Protocol, reflecting a shift towards liquid staking and yield optimization. Despite the ETH sales, the Foundation maintains a substantial treasury, including 82,500 ETH, $23 million in USDC, and $9 million in DAI, highlighting a diversified approach to asset management.
Ethereum Foundation Sells 20,000 ETH in Strategic Treasury Move
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