Bitmine to buy 10,000 ether for $23.9 million from the Ethereum Foundation

Bitmine to buy 10,000 ether for $23.9 million from the Ethereum Foundation

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitmine to buy 10,000 ether for $23.9 million from the Ethereum Foundation The transaction brings the firm’s holdings closer to its 5% of ETH target.By Krisztian Sandor|Edited by Nikhilesh De Apr 24, 2026, 3:47 p.m. Make preferred on Tom Lee, Fundstrat Capital co-founder and CIO, Bitmine chairman (CoinDesk)What to know: Ether treasury firm Bitmine Immersion Technologies said it is buying 10,000 ETH from the Ethereum Foundation in an over-the-counter deal worth about $23.87 million.The Ethereum Foundation said the sale proceeds will fund its operations, including protocol research, ecosystem development and grants.Led by Fundstrat CIO Thomas Lee, Bitmine held 4.97 million ETH last week and is aiming to accumulate roughly 5% of the token’s

Source: https://www.coindesk.com/business/2026/04/24/bitmine-to-buy-10-000-ether-for-usd23-8-million-from-the-ethereum-foundation