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Ethereum co-founder Vitalik Buterin recently sold a small portion of his eth holdings, selling over 700 coins via a series of on-chain transactions.
Blockchain analytics platforms monitored these sales. The move is in line with a previously announced plan to finance long-term initiatives and not a market-driven divestment.
Vitalik Buterin sells more than 700 ETH in the planned funding move
Loconchain said Buterin sold 211.84 ETH for about 500,000 USD. He transferred the entire amount to Canro, a charity he founded Co-founder of Ethereum. Canro supports research and initiatives focused on the fight against infectious diseases, especially after the Covid-19 pandemic.
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Buterin has always taken the approach of directing the sale of digital assets to charity. In January 2025, He sold 28 meme coins worth about 984,000 USDC. He directed the trials to Kanro, further cementing his long-term commitment Charity work.
Buterin continued the sale after the initial sale of eth. Highlights of Loconchain.com He sold 493 additional eth coins. With these actions, the total reached 704.84 eth worth about $ 1.63 million at current market prices.
These sales were not a complete surprise. In a post last week on x (formerly Twitter), Buterin said he had withdrawn 16,384 eth to be used towards long-term goals in the coming years.
Buterin said that the Ethereum Foundation is entering a period of moderate austerity during these five years, “For this purpose, my part of the austerity is that I have to personally take responsibility that at another time could be private projects ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ of the Ethereum Foundation, he explained..
Explain that the funds will support the development of open source, secure and verifiable software and hardware in areas such as finance, communication, governance, operating systems, secure devices and biotechnology, including personal and public health. Buterin also added He explores Secure decentralized sharing options To provide Additional long-term financing.
Buterin added that the Ethereum Foundation will continue to focus strongly on the development of Ethereum with this goal in mind. “Ethereum everywhere” is a good idea, but the main priority is “Ethereum for people who need it”, not for large corporations, but for individual autonomy and the underlying infrastructure that allows collaboration without domination.
The last explained Data As of Arkham, Buterin still owns 235,268 ETH for an approximate value of $549.2 million, as well as smaller allocations in wETH and aETHwETH. The value of its total portfolio exceeded $569 million, up from more than $800 million due to broader market headwinds that sent asset prices up.
The data reported that the sale of ETH made by Buterin It seemed It did not immediately or significantly affect the performance of the currency in the market. Ethereum, the second largest cryptocurrency by market, continued to move in line with the movement of the broader market, which showed signs of recovery.
BeInCrypto markets data showed that ETH has increased About 5% during The last twenty four hours. At the time of writing, it is trading at $2,312.6.
