The Ethereum Foundation said on X that it will convert 10,000 ETH via centralized exchanges over the next several weeks to fund research and development, ecosystem grants and related donations. At Tuesday’s prices the holding is roughly $43 million, according to CoinMarketCap.
The Foundation said conversions will be executed as multiple smaller orders rather than a single large trade — a tact meant to limit market disruption while meeting funding needs.
This announcement follows the EF’s new treasury policy unveiled in June, which caps annual operational spending at 15% and establishes a multi‑year reserve buffer. In July the Foundation also sold 10,000 ETH to SharpLink Gaming in an over‑the‑counter deal — the first public sale of ETH to a listed company by a core ecosystem organization.
Why this matters: large foundation sales can affect market liquidity and investor sentiment. Executing the conversion as smaller orders should reduce immediate price shock, but repeated conversions may still add selling pressure while Ethereum trades near record levels. ETH reached an all‑time high of $4,866 in late August and was trading around $4,330 in U.S. afternoon hours on Tuesday.
Risk note: Planned treasury conversions can influence short‑term price moves and liquidity. This article is informational and should not be taken as investment advice.
Source: Ethereum Foundation (X). Read the original coverage for full details.