The Ethereum Foundation (EF) Shared in an X publication on Tuesday that plans to sell 10,000 ETH through centralized exchanges in the coming weeks to support work towards research and developments, ecosystem subsidies and related donations.
According to Coinmarketcap, ETH will amount to approximately $ 43 million at Tuesday prices.
“The conversions will take place on multiple smaller orders, instead of as a single large transaction,” the EF wrote in the publication in X.
0/ Transparency Notice: For several weeks this month, EF will convert 10k ETH through centralized exchanges as part of our work ongoing to finance R&D, subsidies and donations.
Conversions will take place on multiple smaller orders, instead of a single large transaction.
– Ethereum Foundation (@ethereumfndn) September 2, 2025
The news follows the implementation of the EF of a new treasury policy, shared in early June, which limits the annual operational expense (Opex) With 15%, it establishes a several -year reserve shock and establishes a gradual rhythm towards an even more thin long -term expense.
The Foundation sold 10,000 ETH additional to Sharplink Gaming in July, so it is the first company that is quoted in the Buy ETH of a key company in the network ecosystem.
Tuesday’s announcement occurs when ETH Price has shot, reaching a historical maximum at the end of August to $ 4,866.
ETH was quoted around $ 4,330 from the afternoon of the USA on Tuesday, a 2% increase in the last 24 hours.
Read more: Ethereum Foundation presents a new treasury policy with 15% Opex Cap
