Tom Lee and BitMine’s Latest Ethereum Purchase Faces Community Backlash
BeInCrypto
The Ethereum Foundation's sale of 10,000 ETH to BitMine has sparked community criticism over the foundation's continued divestment strategy.Summary
The Ethereum Foundation recently sold 10,000 ETH in an over-the-counter transaction to BitMine Immersion Technologies, led by Tom Lee, for approximately $23.9 million. The foundation stated that the sale is part of its established treasury policy to fund core operations and ecosystem grants. However, the move has reignited community backlash, with critics like researcher 0xfoobar arguing that the foundation should pay its staff in ETH to demonstrate confidence in the asset, rather than consistently divesting.
(Source：BeInCrypto)