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A major Ethereum treasury move just appeared on-chain.
Bitmine Immersion Technologies purchased 5,000 $ETH (~$10.4M) in an OTC deal directly with the Ethereum Foundation.
Key details:
• Purchase price: $2,042 per ETH
• Funds will support Ethereum research and development
• Transaction confirmed via on-chain transfers
Bitmine’s total holdings are now estimated at 4.53M ETH (~3.7% of the total supply).
Takeaway: even in a market slowdown, large players are still accumulating $ETH , and now they’re sourcing it straight from the Foundation.
#CryptoMarketBouncesBack #BitcoinSurgesAbove$70K