In a significant development for the crypto ecosystem, COINOTAG News reported on February 23rd that Alethea disclosed the Golem Network’s latest activities. The network, which famously raised 820,000 ETH during its ICO in 2016, has recently liquidated an additional 7,250 ETH, approximately valued at $20 million. Notably, the majority of this transfer, 6,200 ETH, has been sent to Binance, while 1,050 ETH was moved to Coinbase.
Further scrutiny reveals that the Golem team’s treasury remains robust, retaining a total of 110,000 ETH from their original fundraising efforts. This figure includes 10,000 ETH secured in a multisignature wallet and a substantial 100,000 ETH actively staked within Ethereum’s ecosystem. Such strategic asset management underscores Golem’s commitment to maintaining a strong position within the competitive landscape of decentralized computing.
Source: https://en.coinotag.com/breakingnews/golem-network-sells-7250-eth-amid-ongoing-staking-strategy-key-insights-on-ethereum-holdings/