The Ethereum Foundation (EF) has announced another sale that costs about $ 43 million to Ether as part of efforts to fund research and development, grants, and ecosystem -related donations.
In a post of Tuesday X, the foundation Says This planned to convert 10,000 ether (Eth) using centralized exchanges “for weeks.” The group said the conversion intended to fund its work “will take place in many smaller orders, rather than as a single large transaction.”
https://www.youtube.com/watch?v=20zFedQDKL8
The foundation that supports Ethereum Blockchain Released a Treasury Policy In June, which laid down considerations for ETH sales. Specifically, the EF said “periodically calculate the deviation of the properties of fiat-denominated assets (…) and determine how much, if any, Ether will be sold in the next three months.”
Ever since the announcement of the Treasury policy, the foundation has been Sold about $ 25 million Ether’s value in Sharpink Gaming and 2,795 ETHs worth about $ 12.7 million in two transactions. One of the most important EF sales of 100,000 ETH in December 2020 may have contributed to the price Surging in after all time high Over the months.
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This is a story development, and further information will be added as it is available.
