Overview

• The foundation executed the 1,000 ETH trade through CoW Protocol’s CoWSwap using a time‑weighted average price mechanism to limit price disruption.
• Proceeds of roughly $4.5 million at current prices will fund research, development, grants, and donations across the Ethereum ecosystem.
• This sale is one installment in a previously announced plan to convert 10,000 ETH into stablecoins over several weeks through smaller orders.
• The move reflects a treasury strategy that favors decentralized execution and stablecoin holdings to support ecosystem needs while seeking competitive pricing.
• The funding shift coincides with an internal reorganization that includes paused open grant applications and earlier leadership changes to co‑executive directors.