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Ethereum Foundation Finalizes 5,000 ETH OTC Sale at Average Price of $2,042.96

The Ethereum Foundation states that it sold 5,000 ETH through an over-the-counter trade (private off-exchange deal), with Bitmine named as the counterparty.

Summary

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Terms & Concepts
  • OTC trade: An over-the-counter trade is a private transaction conducted directly between parties rather than on a public exchange order book.
  • ETH: ETH is the native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and network-related activity.
  • Ethereum Foundation: The Ethereum Foundation is a nonprofit organization that supports research, development, and ecosystem work related to Ethereum.