The Ethereum Foundation has completed an over-the-counter transaction, selling 5,000 ETH at $2,042.96 per ETH to BitMine Immersion Technologies. The deal was conducted through an OTC channel, outside of public exchanges. The transaction underscores ongoing institutional engagement with Ethereum and adds liquidity to the market.
The size and private nature of the sale highlight continued demand from institutional buyers for Ethereum as an asset class. By executing an OTC sale, the parties avoided public market impact while transferring a sizable block of ETH. For investors, the move signals confidence in Ethereum’s role within institutional portfolios, while the market watches for how OTC liquidity affects price discovery. The outcome reinforces Ethereum’s liquidity depth and the appetite of specialized buyers.
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