Ethereum Foundation's Continuous Sales... When Will Its Holdings Run Out?

▲ Ethereum (ETH)/ChatGPT Generated Image ©

The Ethereum Foundation has once again engaged in large-scale sales, accelerating the reduction of its holdings.

According to cryptocurrency media outlet Bitcoinist on May 2 (local time), the Ethereum Foundation recently sold 10,000 ETH to BitMine Immersion Technologies through an over-the-counter (OTC) transaction. These funds are slated for use in core operational expenses, including protocol research and development, ecosystem expansion, and community support.

This marks the third transaction between the two parties. In March, the Foundation sold 5,000 ETH at an average of $2,042.96, securing approximately $10.2 million. On April 24, an additional 10,000 ETH were sold at $2,387, raising approximately $23.87 million. Including the latest transaction, a total of 25,000 ETH has been transferred to BitMine over three separate deals.

BitMine, a company led by Tom Lee, co-founder of Fundstrat Global Advisors, has emerged as the world's largest Ethereum accumulator, currently holding over 5 million ETH. This accounts for approximately 4.21% of the total circulating supply, and the company aims to secure 5% in the long term.

Following ongoing controversies regarding continuous sales, the Foundation introduced a new financial policy in June 2025, combining DeFi operations with expanded staking. As of April, it achieved its staking target of approximately 70,000 ETH, depositing about $143 million. However, direct sales are also being conducted to secure fiat-based operational expenses.

The Foundation's remaining holdings currently stand at approximately 92,500 ETH, valued at about $214 million. On-chain analytics firm Arkham has warned that at the current rate, these holdings could be depleted by 2027. Meanwhile, Ethereum's price traded around $2,290 in early May, having risen approximately 7% throughout April. However, Ethereum spot ETFs recently experienced an $82 million net outflow on a weekly basis, breaking a three-week streak of inflows. Nevertheless, the cumulative inflow volume remains robust at $12.02 billion.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*