Corporate Ether accumulation has become one of the more pronounced treasury trends of 2025, with publicly traded firms treating ETH as a reserve asset in the same way early adopters approached Bitcoin. The Ethereum Foundation is now actively engaging that demand directly.
The foundation completed an over-the-counter sale of 5,000 ETH to BitMine Immersion Technologies at an agreed price of $2,042.96 per ETH, bringing the total transaction value to approximately $10.2 million, according to the announcement. The foundation disclosed the deal in a Saturday post on X, stating that proceeds will fund core operations — specifically protocol research and development, ecosystem growth initiatives, and community grant programs. The onchain transfer will originate from an Ethereum Foundation Safe multisignature wallet.
BitMine, listed on the NYSE American under the ticker BMNR and chaired by Fundstrat co-founder Tom Lee, holds more than 4.5 million ETH valued at roughly $9.3 billion according to industry treasury trackers, making it one of the largest corporate holders of the asset. The firm has steadily accumulated Ether since mid-2025, following a model comparable to Strategy‘s approach to Bitcoin accumulation.
A Structured Divestment Framework
This transaction is the second OTC sale the foundation has executed directly with a corporate treasury buyer. In July 2025, the organization sold 10,000 ETH to SharpLink Gaming at an average price of $2,572.37 per token — a deal valued at approximately $25.7 million.
Both sales operate under a treasury management framework the foundation introduced in June 2025. That policy calls for periodic conversion of a portion of its ETH holdings into fiat to sustain an operating reserve, with annual spending targeted at roughly 15% of total treasury holdings while preserving a multi-year operational runway. The OTC structure allows the foundation to transact at defined terms without affecting open-market prices.
Staking and Governance Moves Run in Parallel
Alongside the divestment activity, the foundation has begun staking a portion of its treasury, with plans to deploy around 70,000 ETH into validators using open-source infrastructure — a move that retains exposure to the asset while generating yield.
Separately, the foundation this week published a new mandate defining its stewardship role over the Ethereum ecosystem. The document emphasizes decentralization, user sovereignty, censorship resistance, and privacy preservation as core principles. It states the foundation will concentrate on protocol upgrades, long-term research, cybersecurity, and developer tooling, while progressively reducing its direct influence over the network’s direction.
Taken together, the treasury sales, staking deployment, and published mandate reflect a foundation managing both its financial position and its institutional posture simultaneously — converting liquid holdings to fund operations while signaling a deliberate retreat from centralized control.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice.
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