The transactions bring his on-chain Ethereum holdings to just more than 224,000 ETH valued at $426 million at present time.
Ethereum Hits 2-Week Low—And Tom Lee's BitMine Just Added to Its $8.4 Billion Stash
The timing of the latest sales is not helping the price of Ethereum, which continues to flounder amid a broader crypto selloff. ETH is down around 4% in the last 24 hours and has now fallen below $1,900, recently changing hands at $1,872. It fell to a more than two-week low of $1,855 late Sunday.
At that mark, the second-largest crypto asset by market capitalization is now down more than 36% in the last month, and is over 62% from its August all-time high of $4,946.
'Ethereum Is Going Hard': Vitalik Buterin Backs Censorship Resistance Upgrade
