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2w ago

Ethereum Foundation to Convert 10,000 ETH Over Weeks to Fund Development and Grants

On-chain data suggests the sales have begun under a treasury policy that prioritizes steady funding.

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Ethereum foundation to unload another 10k eth following sharplink deal
Despite community criticism, ethereum foundation says it will convert 10,000 eth via centralized exchanges

Overview

  • The foundation said it will execute the conversion through multiple smaller orders on centralized exchanges over the coming weeks to limit market impact.
  • Proceeds are designated for research and development, ecosystem grants, and charitable donations.
  • Blockchain analytics firm Lookonchain reported a 10,000 ETH transfer to Kraken, indicating the process has started.
  • The move aligns with a June 2025 treasury policy that caps annual operational spending at 15% and maintains a multi‑year reserve, following a July sale of 10,000 ETH to SharpLink Gaming.
  • The plan drew calls from some community members to use DeFi alternatives such as Aave, while public wallet data shows the foundation still holds roughly 224,800 ETH and institutions have continued accumulating.