Ethereum Foundation Executive Director: The foundation's address deposited ETH to Kraken as part of its fund management activities

ChainCatcher message, regarding the deposit of 35,000 ETH to Kraken from the Ethereum Foundation address, Ethereum Foundation Executive Director Aya Miyaguchi stated on the X platform that this is part of their fund management activities. The Ethereum Foundation's annual budget is approximately $100 million, primarily composed of grants and salaries, with some beneficiaries only able to accept fiat currency. They have been advised for a long time this year not to engage in any funding activities due to complex regulations, which has prevented them from sharing plans in advance.

In addition, Aya Miyaguchi also stated that this transaction does not equate to selling. From now on, they will gradually sell in a planned manner.