Ethereum Foundation Plans to Sell 10,000 ETH for Development Funding

According to PANews, the Ethereum Foundation announced on the X platform that it intends to sell 10,000 ETH through centralized exchanges in the coming weeks. The proceeds from this sale will be allocated to support research and development, ecosystem grants, and related donations. The foundation plans to execute these transactions in multiple small orders rather than a single large transaction. Earlier this year, in early June, the Ethereum Foundation introduced a new financial management policy. This policy sets an annual operational expenditure cap at 15%, establishes a multi-year reserve buffer, and outlines a gradual reduction in spending over the long term. In July, the foundation sold an additional 10,000 ETH to SharpLink Gaming, marking it as the first publicly traded company to purchase ETH from the Ethereum Foundation.