Ethereum Foundation Sells 500 Million Yen Worth of ETH, Implements New Financial Management Policy

On July 11, the Ethereum Foundation sold 1,210 ETH for approximately 3,496,000 USDC (equivalent to 500 million yen). According to tracking by Ember CN, the sale price was $2,889.5 per ETH. Over the past month, the foundation has transferred a total of 21,000 ETH to various addresses, with this sale being part of that activity. The process leading to the sale involved complex fund transfers, initially moving 21,000 ETH to an address starting with '0xc06'. Six days prior to the sale, 7,000 ETH were sent from this address to another starting with '0x247', followed by the transfer of 1,210 ETH to '0x340...'