On Saturday, March 14, the Ethereum Foundation confirmed via a post on X that it had finalised the sale of 5,000 ETH to BitMine Immersion Technologies at an average price of $2,042. 96 per coin, placing the transaction’s total value at approximately $10. 2 million. The announcement arrived without fanfare, which was somewhat deliberate, because the entire point of conducting the deal over the counter was to avoid the kind of visible sell pressure that an exchange liquidation of the same size would have created in a market already navigating significant macro uncertainty