TLDR
- Vitalik Buterin sold over 700 ETH, totaling approximately $1.63 million, through a series of transactions.
- The sale aligns with Buterin’s previously disclosed plan to fund long-term initiatives and philanthropic causes.
- Buterin directed the proceeds from the ETH sale to Kanro, a philanthropic entity supporting research in infectious diseases.
- He has a history of using crypto asset sales to fund charitable projects, including a $984,000 sale of meme coins in 2025.
- Despite the large ETH sale, Ethereum’s market price showed minimal immediate impact, continuing to follow broader market trends.
Ethereum co-founder Vitalik Buterin recently sold more than 700 ETH through a series of transactions, valued at approximately $1.63 million. Blockchain analytics tracked the sales, which align with a previously disclosed plan to support long-term initiatives. These actions are part of Buterin’s broader strategy to fund ongoing projects and maintain his philanthropic efforts.
Vitalik Buterin Channels ETH Sale to Kanro
In one of the key transactions, Buterin sold 211.84 ETH, converting the amount into around 500,000 USDC. He transferred the full proceeds to Kanro, a philanthropic organization that he founded. Kanro focuses on supporting research and projects aimed at combating infectious diseases, especially following the COVID-19 pandemic.
Buterin has a history of using crypto sales for charitable purposes. In January 2025, he sold 28 different meme coins, generating approximately 984,000 USDC. Like the previous sale, the proceeds were directed toward Kanro to fund initiatives in public health and related fields.
Following the initial sale, Buterin continued liquidating his Ethereum holdings. He offloaded another 493 ETH in subsequent transactions, bringing the total to 704.84 ETH. At current market prices, this equates to about $1.63 million, contributing further to his planned funding for long-term initiatives.
Buterin had previously shared his intentions to withdraw a portion of his ETH for future projects. In a post on X, he revealed that he had withdrawn 16,384 ETH for deployment over the coming years. The funds are intended to support open-source software and hardware projects focused on finance, biotech, and secure communication systems.
Despite the scale of the sales, there was little immediate effect on the market price of Ethereum. Ethereum’s value continued to track the broader crypto market, which has shown signs of recovery in recent weeks. Buterin’s sale, therefore, appears to be part of a long-term strategic plan rather than a reaction to market fluctuations.
Vitalik Buterin’s Ongoing Commitment to Philanthropy
The Ethereum co-founder’s commitment to charitable causes remains evident through his actions. He continues to prioritize long-term goals that aim to improve public health, finance, and technology. Buterin’s sales reflect his broader strategy, which integrates personal responsibilities with his vision for the future of Ethereum and related projects.
Despite these transactions, Buterin still holds a substantial amount of Ethereum. Current reports show he maintains 235,268 ETH, valued at approximately $549.2 million. His total crypto portfolio, which includes smaller holdings of WETH and aETHwETH, remains valued at over $569 million.
