The Ethereum Foundation disclosed that it will sell 10,000 ETH to fund research and development, grants, and donations

ChainCatcher news, according to CoinDesk, the Ethereum Foundation announced on the X platform on Tuesday that it plans to sell 10,000 Ethereum through centralized exchanges in the coming weeks. The proceeds will be used to support research and development work, ecosystem funding, and related donations; these Ethereum will be exchanged in multiple small orders rather than a single large transaction.

Previously, the Ethereum Foundation announced a new funding management policy in early June, stipulating an annual operating expense cap of 15%, establishing a multi-year reserve buffer, and setting a long-term gradual reduction in spending pace. In July, the foundation sold an additional 10,000 ETH to SharpLink Gaming, making it the first publicly traded company to purchase ETH from the Ethereum Foundation.