{"id":45396,"date":"2025-09-02T23:01:45","date_gmt":"2025-09-02T23:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45396"},"modified":"2025-09-02T23:01:45","modified_gmt":"2025-09-02T23:01:45","slug":"ethereum-foundation-to-unload-another-10k-eth-following-sharplink-deal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45396","title":{"rendered":"Ethereum Foundation to Unload Another 10K ETH Following SharpLink Deal"},"content":{"rendered":"<div>\n<p>The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research &amp; developments, ecosystem grants, and related donations.<\/p>\n<\/p>\n<p>According <a href=\"https:\/\/coinmarketcap.com\/\">to CoinMarketCap<\/a>, the ETH will amount to roughly $43 million at Tuesday\u2019s prices.<\/p>\n<\/p>\n<p>\u201cConversions will take place over multiple smaller orders, rather than as a single large transaction,\u201d the EF <a href=\"https:\/\/x.com\/ethereumfndn\/status\/1962969315717570910\">wrote in the post on X<\/a>.<\/p>\n<\/p>\n<p>The news follows <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/06\/05\/ethereum-foundation-unveils-new-treasury-policy-with-15-opex-cap\">the EF\u2019s rollout of a new treasury policy<\/a>, shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.<\/p>\n<\/p>\n<p>The Foundation <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/11\/ethereum-foundation-sells-10000-eth-to-sharplink-in-first-such-otc-deal\">sold an additional 10,000 ETH to SharpLink Gaming<\/a> in July, making it the first publicly traded company to buy ETH from a key firm in the network\u2019s ecosystem.<\/p>\n<\/p>\n<p>Tuesday\u2019s announcement comes as ETH price has skyrocketed, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/22\/ethereum-surges-to-new-all-time-high-amid-likely-september-rate-cut\">reaching an all-time high<\/a> in late August at $4,866.<\/p>\n<\/p>\n<p>ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/06\/05\/ethereum-foundation-unveils-new-treasury-policy-with-15-opex-cap\">Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research &amp; developments, ecosystem grants, and related donations. According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday\u2019s prices. \u201cConversions will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45396","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45396"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45396\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}