# Ethereum Foundation to Sell 10,000 ETH in September

*Author: Bankless*
*Published: Sep 3, 2025*
*Source: https://www.bankless.com/read/ethereum-foundation-to-sell-10-000-eth-in-september*

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The Ethereum Foundation (EF) said Tuesday it plans to convert 10,000 ETH (~$43.6 million) on centralized exchanges this month to fund operations — a decision that quickly drew criticism from folks in the Ethereum community.

### **What’s the Scoop?**
- **CEX sales planned:** EF will sell 10,000 ETH in smaller batches via centralized exchanges over the coming weeks to fund research, grants, and donations, the EF announced on X.
- **Routine funding activity:** The Foundation cited its standing treasury policy, which allows ETH-to-fiat conversions to cover operational costs.
- **Criticism from DeFi proponents:** Builders and traders criticized the Foundation’s choice of selling ETH on centralized venues. Other commenters proposed borrowing via Aave or OTC deals with other treasuries. 
- **Prior precedent:** The EF previously sold 10,000 ETH directly to SharpLink Gaming, the ETH treasury firm led by Joe Lubin.

> 0/ Transparency Notice: Over several weeks this month, EF will convert 10K ETH via centralized exchanges as part of our ongoing work to fund R&D, grants, and donations.Conversions will take place over multiple smaller orders, rather than as a single large transaction.— Ethereum Foundation (@ethereumfndn) [September 2, 2025](https://twitter.com/ethereumfndn/status/1962969315717570910?ref_src=twsrc%5Etfw)
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