Ethereum Foundation has completed another 10,000 ETH sale, just days after a similar transaction, bringing total sales over the past week to 20,000 ETH.
The latest sale was executed at an average price of $2,292.15, with counterparty BitMNR, according to the Foundation’s announcement.
An earlier transaction on 24 April saw the Foundation sell 10,000 ETH at ~$2,387, suggesting a combined disposal of roughly $45m+ over a short period.
Both sales were conducted over-the-counter [OTC], a method typically used to avoid direct market impact.
On-chain data confirms coordinated transfers
Data from Arkham shows a 10,000 ETH transfer to BitMNR-linked wallets within the past hour, aligning with the Foundation’s latest disclosure.
Additional transactions from the past week also reveal:
- multiple transfers tied to treasury operations
- movements into stable assets such as DAI
- structured interactions with DeFi protocols
The pattern suggests these were not isolated transfers, but part of a coordinated treasury process.
Asset rotation signals shift toward staked ETH exposure
Beyond ETH sales, the Foundation has also been rebalancing its staking position.
On 24 April, it completed a bilateral swap of approximately 21,269 aWETH into wstETH, working with Lido Finance and Mellow Protocol.
This move reflects:
- a shift toward liquid staking exposure
- ongoing deleveraging efforts
- optimisation of yield-bearing assets
- Treasury composition highlights diversified holdings
Arkham data shows the Foundation still holds a substantial treasury, including:
- wstETH and other staked assets
This indicates that while ETH is being sold, the Foundation retains significant exposure while increasing diversification across stablecoins and yield-generating positions.
Not panic selling, but active treasury management
The Foundation has repeatedly framed these actions as part of “ongoing treasury management.”
Taken together, the data supports that view.
Rather than reacting to short-term market conditions, the pattern points to:
- controlled ETH distribution via OTC
- strategic asset rotation into staking
- gradual diversification into stable assets
This suggests a shift toward a more active treasury strategy, rather than passive holding.
Final Summary
- The Ethereum Foundation has sold 20K ETH in a week via OTC deals, with on-chain data confirming coordinated transfers and stablecoin movements.
- Alongside sales, the Foundation is rotating into staked ETH and diversifying holdings, signaling a broader treasury restructuring strategy rather than reactive selling.
Source: https://ambcrypto.com/ethereum-foundation-sells-20k-eth-in-a-week-as-treasury-restructuring-accelerates/
