Market impact debated as Yunfeng and Ether Machine make massive ETH purchases
The Ethereum Foundation (EF) has announced it will sell 10,000 ETH — worth about $43 million — to fund research, grants, and community donations.
In a post on X, EF said the ETH will be sold through centralized exchanges in multiple smaller orders, rather than a single transaction. The move follows EF’s new treasury policy, rolled out in June, which mandates periodic sales to stabilize its fiat-denominated reserves.
Since adopting this framework, EF has sold around $25 million worth of ETH to SharpLink Gaming and another 2,795 ETH ($12.7M) in two separate transactions. One of its largest historic sales — 100,000 ETH in December 2020 — was widely believed to have influenced Ethereum’s run-up to record highs months later.
Meanwhile, institutions continue to accumulate: Yunfeng Financial Group purchased 10,000 ETH in open markets this week, and Ether Machine secured 150,000 ETH ahead of a planned Nasdaq listing. The latter now holds more than 345,000 ETH ($1.5B) in its corporate treasury.
Ethereum co-founder Joseph Lubin suggested Wall Street adoption could push ETH beyond Bitcoin as a “monetary base.” At press time, ETH trades at $4,326, up 23% in the past month, nearing its all-time high of $4,870.
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