The 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. According to reports from AMBCrypto, the latest sale was executed at an average price of $2,292.15 with counterparty BitMNR, while an earlier transaction on 24 April saw the Foundation sell 10,000 ETH at ~$2,387. Both sales were conducted over-the-counter (OTC), a method typically used to avoid direct market impact, resulting in a combined disposal of roughly $45 million over a short period.
On-chain data from Arkham confirms the coordinated nature of these transactions, showing a 10,000 ETH transfer to BitMNR-linked wallets within the past hour. As reported by AMBCrypto, additional transactions from the past week reveal multiple transfers tied to treasury operations, movements into stable assets such as DAI, and structured interactions with DeFi protocols. This pattern suggests these were not isolated transfers, but part of a coordinated treasury process rather than reactive selling.
Beyond ETH sales, the Foundation has been actively rebalancing its staking position, completing a bilateral swap of approximately 21,269 aWETH into wstETH on 24 April, working with Lido Finance and Mellow Protocol. According to AMBCrypto, this move reflects a shift toward liquid staking exposure, ongoing deleveraging efforts, optimization of yield-bearing assets, and diversified holdings. The Foundation still maintains substantial treasury holdings including 82.5K ETH ($190 million), $23 million+ in USDC, $9 million+ in DAI, and wstETH and other staked assets.
The Foundation has repeatedly framed these actions as part of "ongoing treasury management" rather than reactive selling to short-term market conditions. As reported by AMBCrypto, the data supports this view through controlled ETH distribution via OTC deals, strategic asset rotation into staking, and gradual diversification into stable assets. This suggests a shift toward a more active treasury strategy, with the Foundation retaining significant ETH exposure while increasing diversification across stablecoins and yield-generating positions, indicating a comprehensive restructuring approach rather than panic selling.
