2026-04-09 08:21:10

Ethereum Foundation Dumps 5,000 ETH Amid Secret Treasury Restructuring

Ethereum Foundation (EF) has announced that it will swap 5,000 ETH for stablecoins using CoW DAO’s time-weighted average price feature to fund research, grants, and donations.
This swap is worth about US$11,0 million at current prices, following the treasury management framework that EF published in June 2025.
Why Is EF Selling ETH Now
EF is one of the largest individual Ether holders, and its selling activity so far has drawn attention and scrutiny from the community.
This latest conversion indicates that the organization is truly carrying out the treasury policy published in June 2025.
That policy sets annual operating expenditures at 15% of the total treasury value. In addition, EF also keeps cash reserve funds for the next 2.5 years.
EF conducts periodic checks to ensure fiat reserves meet the target; if a shortfall is found, ETH sales will automatically take place in the following quarter.
The Foundation has confirmed on X that the CoW DAO TWAP mechanism will execute the transaction. TWAP splits a large order over a certain period of time to reduce market impact.Ethereum Foundation Dumps 5,000 ETH Amid Secret Treasury Restructuring
Ethereum Foundation (EF) has announced that it will swap 5,000 ETH for stablecoins using CoW DAO’s time-weighted average price feature to fund research, grants, and donations.
This swap is worth about US$11,0 million at current prices, following the treasury management framework that EF published in June 2025.
Why Is EF Selling ETH Now
EF is one of the largest individual Ether holders, and its selling activity so far has drawn attention and scrutiny from the community.
This latest conversion indicates that the organization is truly carrying out the treasury policy published in June 2025.
That policy sets annual operating expenditures at 15% of the total treasury value. In addition, EF also keeps cash reserve funds for the next 2.5 years.
EF conducts periodic checks to ensure fiat reserves meet the target; if a shortfall is found, ETH sales will automatically take place in the following quarter.
The Foundation has confirmed on X that the CoW DAO TWAP mechanism will execute the transaction. TWAP splits a large order over a certain period of time to reduce market impact.#GateSquareAprilPostingChallenge

ETH-2.77%

COW-4.22%

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