Tom Lee’s BitMine buys 5,000 ETH from Ethereum Foundation in second OTC deal
Tom Lee’s BitMine Immersion Technologies has purchased 5,000 Ethereum (ETH) directly from the Ethereum Foundation in a private over-the-counter (OTC) transaction, marking the second time the foundation has offered ETH from its treasury to a publicly traded enterprise. The move highlights developing institutional involvement in Ethereum as treasury-centered companies continue accumulating the asset notwithstanding broader market volatility. 1/ This sale funds the EF’s core operations & activities, including protocol R&D, ecosystem development, community grant funding and more.The onchain tx will be from this EF @safe multisig: 0x9fC3dc011b461664c835F2527fffb1169b3C213e— Ethereum Foundation (@ethereumfndn) March 14, 2026 Ethereum Foundation sells 5,000 ETH to BitMine Tom Lee–chaired BitMine Immersion Technologies acquired 5,000 ETH from the Ethereum Foundation at an average price of $2,042
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