CoinEx News: The Ethereum Foundation completed another 10,000 ETH OTC sale to BitMine on May 1 at an average price of $2,292.15, raising about $22.9 million. The deal follows a 10,000 ETH sale to the same counterparty one week earlier at about $2,387 per ETH, bringing the two-week total to roughly $47 million; proceeds are earmarked for EF core operations, including protocol R&D, ecosystem development and community grants.

The repeated sales may weigh on ETH sentiment, but the OTC structure reduces direct spot-market pressure while BitMine's continued buying points to steady institutional demand for ETH reserves.