Ethereum Foundation Sends Grants to Coinbase, Kraken & BuidlGuidl

Ethereum Foundation sends 233 ETH worth $737K to exchanges and BuidlGuidl in latest round of grants.

Aurelien Sage July 16, 2025 - 6:40 PM

Ethereum

Ethereum Foundation moved over 77 ETH to Coinbase and Kraken
155 ETH donated to BuidlGuidl, a dev-focused DAO
Total transfer value crosses $737,000

On July 16, between 17:57 and 18:25 UTC+8, the Ethereum Foundation made notable financial moves, transferring a total of 233.101 ETH, equivalent to approximately $737,700. The transactions reflect both strategic positioning and continued investment in Ethereum’s developer community.

Transfers to Major Exchanges

According to blockchain data, the Ethereum Foundation: Grants Provider address transferred 77.913 ETH—valued at around $246,700—to wallets linked with Coinbase Deposit and Kraken Deposit. These moves may signal a reallocation of funds, possibly for operational liquidity, asset management, or strategic funding.

While the Ethereum Foundation does not always disclose the purpose behind such transfers, sending funds to centralized exchanges often precedes grants, token sales, or operational funding activities.

On July 16 between 17:57 and 18:25 (UTC+8), Ethereum Foundation: Grants Provider transferred a total of 77.913 ETH (worth approximately $246.7k) to Coinbase Deposit and Kraken Deposit. During the same period, it also donated 155.188 ETH (worth around $491k) to dao.buidlguidl.eth.…
— Wu Blockchain (@WuBlockchain) July 16, 2025

$491K Grant to BuidlGuidl DAO

The bigger share of the Foundation’s ETH transfers went to dao.buidlguidl.eth, receiving 155.188 ETH, worth approximately $491,000. BuidlGuidl is a curated collective of Ethereum developers focused on building dApps, tools, and educational materials within the Ethereum ecosystem.

The grant underscores the Foundation’s commitment to empowering grassroots developer initiatives. BuidlGuidl, created by Austin Griffith, plays a significant role in Ethereum onboarding, prototyping, and community-driven innovation. This donation could support the development of new tutorials, projects, and hackathon tools aimed at fostering a stronger Ethereum developer base.

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