Overview

• The foundation said it will convert roughly $43 million worth of ETH over the next several weeks through centralized exchanges.
• Executions will occur as multiple smaller orders to reduce market impact, according to its transparency notice.
• Blockchain analytics firm Lookonchain reported a 10,000 ETH deposit to Kraken, indicating the selling process has begun.
• Public wallets still hold about 224,800 ETH, and open grant applications remain paused during a grants overhaul.
• The plan aligns with June guidance capping annual opex at 15% and maintaining reserve buffers, follows a July 10,000 ETH sale to SharpLink Gaming, and comes as Yunfeng Financial Group and Ether Machine report large ETH purchases.