Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: cheezcarls on December 16, 2019, 07:14:12 AM
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At the peak of the market during the massive bull run of 2017, the Ethereum Foundation liquidated 70,000 ETH. Ethereum co-founder Vitalik Buterin convinced the foundation to sell at that time.
The price of ETH peaked at $1,400 during January of 2018, which would have netted approximately $100 million from the sale. Buterin also disclosed a personal sale of 30,000 ETH at the same time.
Full news here (https://beincrypto.com/ethereum-foundation-sold-100-million-eth-at-peak-price/?utm_campaign=amba&utm_medium=social&utm_source=altcoinstalks&utm_content=jc)