Ethereum Foundation sells ETH to Tom Lee's Bitmine

The Ethereum Foundation has sold approximately $24 million worth of Ether (ETH) to Bitmine, a firm associated with analyst Tom Lee. This transaction significantly increases Bitmine's holdings, bringing them closer to a milestone of owning 5% of the total Ether supply. The details of the sale were reported by The Block, highlighting a notable movement of assets within the cryptocurrency ecosystem.