BlockBeats News, November 12th. According to Spot On Chain monitoring, the Ethereum Foundation sold 100 ETH approximately 25 minutes ago in exchange for 334,315.7 DAI. This is the first ETH sale since the release of the 2024 report on November 8th. The report indicated that as of October 31st, the Foundation's asset reserve was $9.702 billion, with $7.887 billion in crypto assets (99.45% of which is ETH).
The Ethereum Foundation plans to regularly sell ETH to fund key public projects and maintain the reserve. As of 2024, the Foundation has sold a total of 4,266 ETH, receiving $11.83 million, with an average sale price of around $2,773.