The Ethereum Foundation (EF) Shared Tuesday in an article on X that it plans to sell 10,000 ETH via centralized exchanges in the coming weeks to support research and development work, ecosystem subsidies and related donations.
According to CoinmarketCap, the ETH will amount to around $ 43 million at Tuesday prices.
“Conversions will take place on several smaller orders, rather than a single large transaction,” wrote EF in the post on X.
0 / Transparency notice: over several weeks this month, EF will convert 10K ETH via centralized exchanges within the framework of our current work to finance R&D, subsidies and donations.
Conversions will take place on several smaller orders, rather than a single large transaction.
– Ethereum Foundation (@ethereumfndn) September 2, 2025
The news is following the deployment of the EF of a new cash policy, shared earlier in June, which caps annual operational expenses (OPEX) At 15%, establishes a multi -year reserve stamp and establishes a progressive pace to even thinner expenses in the long term.
The Foundation sold 10,000 additional ETH in Sharplink Gaming in July, making it the first listed company to buy ETH with a key company in the network ecosystem.
Tuesday’s announcement comes when Eth Price has skyrocketed, reaching a summit of all time at the end of August at $ 4,866.
ETH was exchanged about $ 4,330 at the end of the afternoon, up approximately 2% in the last 24 hours.
Read more: The Ethereum Foundation unveils a new cash policy with 15% of Opex Cap
