Overview

• EF said on X it will sell 10,000 ETH in smaller orders through centralized exchanges over the coming weeks to support research, ecosystem grants and donations.
• At current prices the planned conversions total roughly $43 million, according to market data cited in the coverage.
• The move implements a June treasury policy that caps annual operational spending at 15% and establishes a multi‑year reserve buffer with periodic rebalancing.
• Open grant applications are paused as the foundation redesigns its grant process after disbursing tens of millions of dollars this year.
• The announcement comes with ETH near recent highs and alongside disclosed institutional buys, including 10,000 ETH by Yunfeng Financial Group and 150,000 ETH secured by Ether Machine.