The Ethereum Foundation announced on Tuesday in a post on X that it intends to sell 10,000 ETH through centralized exchanges over the coming weeks to fund research, ecosystem grants, and related donations. According to CoinMarketCap, the amount equals roughly $43 million at current prices.

The sale will be executed in multiple smaller orders rather than a single large transaction. The decision follows the treasury policy introduced in June, which caps annual operating expenses at 15%, sets a multi-year reserve buffer, and outlines a gradual shift toward leaner long-term spending.

In July, the foundation had already sold 10,000 ETH to SharpLink Gaming, which became the first publicly traded company to purchase ETH from a key entity in the network’s ecosystem.

The announcement came as ETH continued its rally, reaching an all-time high of $4,866 in late August, while on Tuesday afternoon in the U.S. it traded around $4,330, up about 2% in the last 24 hours.