The Ethereum Foundation transferred 5,000 ETH, worth about $10.2 million, to BitMine Immersion Technologies through a private OTC transaction.
The deal priced Ether at an average of $2,042.96, helping avoid market volatility from large exchange sales.
BitMine Immersion Technologies now holds more than 4.5 million ETH, worth about $9–$9.5 billion, strengthening its Ethereum treasury strategy.
The Ethereum Foundation recently made a big crypto transfer. It sent 5,000 Ether (ETH) to BitMine Immersion Technologies. The deal was worth about $10.2 million.
This transaction was done through a private OTC deal. Large deals often use this method to avoid sudden price changes in the market.
The ETH in this deal was sold at an average price of about $2,042.96 per coin. The transfer came from the Ethereum Foundation’s Safe multisignature wallet, which requires several approvals before funds can move.
The Ethereum Foundation holds a large treasury of Ether. From time to time, it sells a small portion of its ETH to cover expenses.
The money from this sale will help support the Ethereum ecosystem. It will be used for research, network development, developer programs, and community grants.
The Foundation follows a long-term financial plan. It tries to keep enough money to run its work for many years.
Usually, the Foundation spends about 15% of its treasury each year. Selling small amounts of ETH helps maintain steady funding.
Even after this deal, the Ethereum Foundation still owns a large amount of Ether.
Current blockchain data shows the organization still holds around 170,000 ETH. At recent prices, this amount is worth more than $350 million.
These funds help support development across the Ethereum network. Ethereum is one of the most widely used blockchains and supports many decentralized apps, DeFi platforms, and digital assets.
This is also not the first large deal made by the Foundation. In July 2025, it sold 10,000 ETH to SharpLink Gaming in a private deal worth about $25.7 million.
Also Read - Ethereum Price Forecast: Is $1,400 the Key Support for Investors?
BitMine Immersion Technologies, the buyer in this deal, is becoming one of the biggest corporate holders of Ethereum.
The company trades on the NYSE American stock exchange with the ticker BMNR.
Recent reports show that BitMine now holds more than 4.5 million ETH. At current prices, this is worth about $9 billion to $9.5 billion.
BitMine is also using Ethereum staking. The company has more than 3 million ETH staked, which helps secure the network and generates rewards.
ETH is showing strength in the market. Recent datasets show that Ethereum price is trading above $2,100.
Many large companies are now investing in Ethereum. Some firms are building crypto treasuries as long-term investments.
Recent estimates show that companies together hold more than 5 million ETH.
Private deals like the one between the Ethereum Foundation and BitMine are becoming more common. These deals allow large crypto transfers without affecting market prices.
Also Read - Why Ethereum Price isn’t Rising Despite Record Usage?
This transaction shows how the Ethereum Foundation manages its treasury while supporting long-term development. Companies like BitMine are increasing their ETH holdings.
This shows growing confidence in Ethereum and its future role in blockchain technology.
1. Why did the Ethereum Foundation transfer 5,000 ETH to BitMine Immersion Technologies?
The transfer was part of the Ethereum Foundation’s treasury management strategy to convert a portion of its Ether holdings into funds for research, development, and ecosystem grants.
2. What was the value of the ETH transaction?
The deal involved 5,000 ETH sold at an average price of about $2,042.96, giving the transaction a total value of approximately $10.2 million.
3. What is BitMine Immersion Technologies’ role in the Ethereum market?
BitMine Immersion Technologies is a corporate investor building a large Ethereum treasury and currently holds more than 4.5 million ETH, making it one of the largest institutional holders.
4. How much Ether does the Ethereum Foundation still hold?
After the transaction, the Ethereum Foundation still controls about 170,000 ETH, valued at over $350 million at recent market prices.
5. Why was the transaction done as an OTC deal instead of on an exchange?
Over-the-counter deals allow large crypto transactions to occur privately between parties, preventing sudden price movements in public markets.
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