The funds will support the EF's core operations, including protocol R&D and ecosystem grants, as part of a treasury strategy to balance ETH and fiat-like assets.
Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal
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AI INSIGHT
Ethereum Foundation sells 5,000 ether (ETH) to Tom Lee's BitMine for $10.2 million today; proceeds will support the EF's core operations including protocol R&D and ecosystem grants as part of a treasury strategy to balance ETH and fiat-like assets.
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