Ethereum Foundation Sells 5,000 ETH to BitMine, Boosts Price

The Ethereum Foundation has made a significant move in the crypto market by selling 5,000 ETH to BitMine through an over-the-counter (OTC) deal. This transaction aims to support protocol and research work, with the Foundation transferring the funds privately without affecting public order books.

For German investors, this sale is particularly notable as it clusters with recent price pivots and follows strength in major cryptocurrencies during a broader market rally. The size of the sale may be modest compared to daily volume, but its significance lies in its timing and potential impact on short-term supply.