PANews reported on November 12 that Spot On Chain monitoring showed that the Ethereum Foundation sold 100 $ETH about 25 minutes ago in exchange for 334,315.7 $DAI. This was the first ETH sale since the release of the 2024 report on November 8. The report showed that the Foundation's asset reserves as of October 31 were $970.2 million, of which $788.7 million were crypto assets (99.45% were $ETH).
The Ethereum Foundation plans to sell ETH regularly to fund key public projects and maintain reserves. As of 2024, the Foundation has sold a total of 4,266 ETH, earning $11.83 million, with an average selling price of approximately $2,773.
