The Ethereum Foundation has intensified its cryptocurrency liquidation strategy with another substantial off-market transaction, divesting 10,000 ETH (valued at roughly $47 million) to BitMine. This marks the third consecutive over-the-counter deal between the entities within a single week, signaling an unprecedented acceleration in the Foundation's asset distribution approach that has caught many market observers off guard.

Community backlash has been swift, with prominent Ethereum advocates questioning the timing and magnitude of these sales. The $47 million total represents a significant portion of the Foundation's holdings, prompting concerns about potential market impacts and the organization's financial strategy. Critics argue that such rapid divestment may undermine confidence in Ethereum's long-term value proposition, especially during a period of relative market stability that many expected to see accumulation rather than distribution.