- The Ethereum Foundation has been selling ETH frequently in 2026. It recently sold $23 million of ETH to Bitmine.
- ETH sales fund the foundation’s operations, which maintain a 2.5-year stablecoin reserve from which employees are paid.
- The decline in ETH’s value has prompted the foundation to sell more.
- The Ethereum Foundation holds $190 million in ETH and $2.5 billion in DOT.
Why is the Ethereum Foundation Selling ETH?
The Ethereum Foundation has been selling Ethereum for most of 2025 and 2026 to maintain its stablecoin reserves. These stablecoin reserves are used to cover the foundation’s operational expenses, including seed funding for new projects it has ventured into.
As recently as the first week of May, the foundation has sold $23 million of ETH to Bitmine, which remains the largest buyer of ETH and the largest Ethereum Treasury.
Last week, the foundation unstaked $48 million worth of ETH, out of which it has sold half to date at press time. The other $25 billion is expected to be sold soon.
How Much Ethereum does the Foundation have?
According to Arkham Intelligence, the Ethereum Foundation currently holds nearly $190 million in Ethereum. Although ETH does not have a fixed supply, the new ETH generation is limited only to validator rewards.
However, the foundation also holds a reserve of 2 billion DOT tokens, currently valued at $2.5 billion. You can see the same in the screenshot taken on Arkham’s page.
In the above image, you can also see that the Ethereum Foundation has received 23 million USDC from the sale to Bitmine, which will most likely be converted to DAI in the near future, as the foundation dreads centralized stablecoins.
Impact on Ethereum’s Price
Although sales from the Ethereum Foundation have been high, the price impact on ETH has been negligible for several reasons.
First, the foundation has been directly selling to Bitmine, so the ETH never enters the market.
Further, institutional demand for Ethereum has been high in recent times, driven by treasuries and ETFs.
As a result, ETH is indeed up 13% in April.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
