Tom Lee's BitMine Buys Another $23 Million in ETH From Ethereum Foundation

Kripto piyasalarında dikkat çekici bir gelişme yaşandı. Tom Lee's BitMine Buys Another $23 Million in ETH From Ethereum Foundation Price data by News Business Tom Lee's BitMine Buys Another $23 Million in ETH From Ethereum Foundation Top Ethereum treasury firm BitMine Immersion Technologies made its second ETH buy from the Ethereum Foundation. By Andrew Hayward Apr 24, 2026 Apr 24, 2026 2 min read Ethereum is the second biggest crypto asset by market cap. Source: /Shutterstock Create an account to save your articles.

Add on Google Add as your preferred source to see more of our stories on Google. In brief The Ethereum Foundation said it agreed to sell over $23 million worth of ETH to BitMine Immersion Technologies. This is the second time that BitMine has bought ETH directly from the Foundation.

Piyasa Dinamikleri

BitMine holds over $11. 5 billion worth of ETH, making it the largest holder of the asset. The Ethereum Foundation said Friday that it finalized a deal to sell 10,000 ETH to the largest Ethereum treasury firm, BitMine Immersion Technologies, marking its second treasury sale of the cryptocurrency to the publicly traded firm.

The over-the-counter sale agreement was finalized at an average price of $2,387 per ETH, putting the total value of the sale at $23. Ethereum was recently trading at $2,313, down about 1% on the day and 5% over the last week. BitMine's stock (BMNR) is up more than 1% on the day, recently trading at $22.

BMNR shares have fallen about 3% over the last week, but have risen by more than 7% in the last month per Yahoo Finance data . 0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC. "This sale funds the Ethereum Foundation's core operations & activities, including protocol R&D, ecosystem development, community grant funding, and more," the Foundation wrote on X.

Piyasalara Etkisi

In March, the Foundation sold 5,000 ETH to the company at an average price of about $2,043 per coin. The Ethereum Foundation has also previously sold ETH to another Ethereum treasury firm, Sharplink, with a 10,000 ETH sale last July. Ethereum's price has fallen sharply since last summer, when it hit a new peak of $4,946 and momentum around the coin—and the broader crypto market—helped fuel the emergence of a number of Ethereum treasury companies.

BitMine is the largest such firm by far, with over $11. 5 billion in Ethereum holdings fueled by consistent weekly buys. However, the substantial price drop means that the company is currently sitting on an unrealized loss of more than $6 billion, per data from DropsTab .

(Disclosure: BitMine Chairman Tom Lee is an investor in Dastan , parent company of an editorially independent . ) On Monday, BitMine revealed its largest weekly Bitcoin buy of the year, adding $235 million worth of the second-largest cryptocurrency by market cap. The company held 4,976,485 ETH as of Monday.

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