Aya's explanation for the 35k ETH Kraken deposit

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Aya's explanation for the 35k ETH Kraken deposit

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The Ethereum Foundation says a deposit of 35,000 ETH to Kraken is part of its treasury management, not a sale. The foundation states it has an annual budget of about $100m, largely made up of grants and salaries, and that some recipients can only accept fiat. It says it was advised for a long period this year not to carry out treasury activities because of regulatory complications, and so could not share the plan in advance. It adds that planned and gradual sales will follow.

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