Ethereum Foundation Resumes ETH Selling Amid Price Rally
The Ethereum Foundation recently resumed selling ETH as the cryptocurrency’s price surged, converting 100 ETH to 334,315.7 DAI on November 12. This marks the Foundation’s first ETH sale since releasing its 2024 report and brings the year’s total ETH sales to 4,266 ETH, which raised approximately $11.83 million at an average price of $2,773 per token. Previous sales in September and October included 1,250 ETH (around $3.07 million) and 300 ETH ($759,000), carried out in regular batches.
The Foundation’s ETH sales have raised community questions about why it sells rather than stakes its holdings. Ethereum co-founder Vitalik Buterin explained that sales fund essential initiatives, such as compensating researchers, supporting privacy-focused technology, developing user-friendly tools, and hosting global Ethereum events. According to Buterin, these initiatives help strengthen Ethereum’s security and reliability, contributing to the blockchain’s continuous operation since 2016.
In its 2024 financial report, the Ethereum Foundation reported a treasury of $970.2 million, with $788.7 million in crypto holdings, primarily in ETH (comprising 0.26% of the total ETH supply). The Ethereum ecosystem as a whole holds $22.2 billion in reserves, with the Foundation managing 4.4% of that total. From 2022 to 2023, the ecosystem deployed $457 million in funding, with nearly half ($240.3 million) coming from the Ethereum Foundation.
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