The Ethereum Foundation sold 10,000 ETH to BitMine Immersion Technologies in a third over-the-counter transaction at an average price of $2,292 (~$22.9M). This follows a near-identical 10,000 ETH sale a week earlier at $2,387 and a March sale of 5,000 ETH at ~ $2,043 — about $47M sold to BitMine in the past week. The Foundation also unstaked 17,035 ETH last week, a move that appears to lower its stated 70,000 ETH staking target. BitMine now holds nearly 5 million ETH (about 83% of which is staked). ETH was trading around $2,303 at publication. The Foundation said proceeds fund core operations including protocol R&D, ecosystem development and grants.

The Foundation executed a 10,000 ETH OTC sale at $2,292 and has completed two recent sales (10,000 ETH at $2,387 and 5,000 ETH at ~$2,043), totaling roughly $47M sold to BitMine in the past week; it also unstaked 17,035 ETH and appears to have reduced its 70,000 ETH staking target. These concrete, repeated outflows and unstaking actions increase available supply and are directly relevant to short-term market pressure on ETH.