Ethereum Foundation to sell 10K ETH for R&D, grants, and donations
The roughly $43-million Ether sale will be one of the latest actions by the foundation following the rollout of its treasury policy in June.
The Ethereum Foundation (EF) has announced another sale worth about $43 million in Ether as part of efforts to fund research and development, grants, and donations related to the ecosystem.
In a Tuesday X post, the foundation said it planned to convert 10,000 Ether (ETH) using centralized exchanges “over several weeks.” The group said the conversion intended to fund its work “will take place over multiple smaller orders, rather than as a single large transaction.”
The sale comes after the foundation temporarily paused open grant applications applications on Friday as part of an effort to overhaul its grant process. As of the first quarter of 2025, EF said it had distributed more than $32 million in grants, including those for community and education.