The Ethereum Foundation states that it completed the sale through an over-the-counter transaction, a method typically used to handle large crypto trades outside public exchange order books.
The Ethereum Foundation announced that it finalized terms for a sale of 10,000 ETH at an average price of $2,292.15 through an OTC (over-the-counter private trade) transaction. Based on the disclosed average sale price, the deal implies a total value of about $22.9 million. OTC deals are commonly used for large digital asset transactions because they can reduce the market impact that might occur if a comparable order were executed directly on a public exchange.