The Ethereum Foundation has confirmed plans to liquidate $43 million worth of its ETH holdings to fund ecosystem development. As a result, the ETH Price is showing signs of selling pressure.
Ethereum Foundation Confirms $43M ETH Offload
The Ethereum Foundation disclosed that it will convert 10,000 ETH, valued at around $43 million, through centralized exchanges. Rather than one large trade, the conversion will occur in smaller tranches to minimize disruption.
They reiterated that proceeds will fund research, grants, and philanthropic efforts. Hours before the official notice, blockchain data showed a 10,000 ETH deposit into Kraken, valued at $42.7 million.
Source: Arkham Intelligence; On-Chain ETH Transfers
Despite the sale, it still retains a sizable treasury of 231,600 ETH (about $995 million), ranking as the fourth-largest public holder.
This latest sale aligns with its policy of using its treasury to fuel growth. In the first quarter of 2025, the Ethereum Foundation allocated $32.65 million to new projects. This adds to the huge funds already distributed through community and education-focused grants.
The organization has also supported broader causes, including a $1.25 million donation to the legal defense fund of Tornado Cash developer Alexey Pertsev earlier this year.
ETH Price Under Selling Pressure
The market has reacted cautiously to the Ethereum Foundation’s latest move. Over the past 24 hours, the ETH Price slipped by 1%, underperforming the broader crypto market’s 0.6% decline.
Source: TradingView; ETH Price Daily Chart
Analysts also pointed to reduced inflows into spot ETH ETFs, which have declined after an early surge of $533 million, as a factor weighing on sentiment. To add, Bitcoin liquidations topped $47.9 million in a single day, and a risk-off wave spilled into ETH markets.
The latest sale follows consistent sell-offs in recent months. Just last month, the Ethereum Foundation sold over 4,000 ETH for nearly $19 million. Smaller sales were also recorded in April, when 1,000 ETH was transferred to Kraken.
These actions have strengthened the argument that these disposals push the ETH price lower, especially during times of low market sentiment.
However, on the accumulation front, ETH has recorded some growth. BitMine recently purchased 153,075 ETH worth $668 million. This helped further strengthen its position as the world’s most extensive Ethereum treasury. The buy raised its total holdings to nearly 1.87 million ETH, a portfolio valued at over $8 billion.
The move shows that when institutions buy up assets, it can help balance out the Foundation’s sales. Right now, the Foundation’s sales seem open and clear, meant to support the development of the ecosystem rather than causing big sell-offs.
Some critics believe that the Foundation’s timing hurts momentum, but its promise to reinvest earnings into the network could help Ethereum in the long run.
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Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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