Ethereum Foundation Acquires $64 Million

The Ethereum (ETH) Foundation attracted attention with a $64 million purchase. A cryptocurrency analyst, whose pseudonym is ai_9684xtpa, revealed that on June 16, the Ethereum Foundation received 18,089 ETH worth $64 million, based on on-chain data. The analyst characterized the purchase as an "indirect purchase", while data provided by Arkham confirmed that the wallet belonged to the Ethereum Foundation. The address that made the purchase and was determined to belong to the Foundation was recorded as "0x8e...D052".

The Ethereum Foundation, which has only been selling for a long time, cheered investors with this purchase. Last week, the Foundation sold 200 Ethereum for 744,222 DAI at a price of $ 3,724.