Key Takeaways:
- Ethereum Foundation sold 5,000 ETH, which was converted to DAI amounting to $11.1M
- The median price of the sale was $2,221 per ETH
- The relocation is an indication of further shift in operational stability towards the use of stablecoin reserves
The Ethereum Foundation has completed a new notable treasury action, sold 5,000 ETH and completely converted it to DAI. The transaction was recorded in the blocks and has ensured a complete execution of the intended sale.
Ethereum Foundation Completes Full ETH Sale
On-chain data shows that the last 1,250 ETH (valued at approximately $2.8 million) are sold, and the 5,000 ETH has been fully liquidated.
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