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The Ethereum Foundation organization has completed its third off-exchange sale of ETH to BitMine Immersion Technologies. Tom Lee’s firm purchased 10,000 ETH at an average price of $2292 ($22.9 million).
“The deal funds the foundation’s core operations and activities, including research and development within the протокол, ecosystem development, grant funding for communities, and much more,” said representatives of the Ethereum Foundation.
The sale followed an almost identical transaction involving 10,000 ETH on 24 April. At that time, the average price was about $2387.
The first deal between the Ethereum Foundation and BitMine took place in March, when the firm bought 5,000 ETH at approximately $2043.