Who Is Buying Ethereum? Mysterious Institution Accumulates $1 Billion In ETH

Massive BitMine ETH Purchase: Unprecedented Institutional Ethereum Acquisition Unveiled

BitcoinWorld Massive BitMine ETH Purchase: Unprecedented Institutional Ethereum Acquisition Unveiled A fascinating development has captured the attention of the cryptocurrency world: a massive BitMine ETH purchase worth approximately $1.24 billion. On-chain analysis points to Nasdaq-listed Bitcoin mining firm BitMine Immersion as the likely Ethereum whale behind this colossal acquisition. This significant move, involving 293,186 ETH, occurred ov…

Who Is Buying Ethereum? Mysterious Institution Accumulates $1 Billion In ETH

Recently, there has been an increase in interest in Ethereum. This demand has come due to the increased amount of growth Ethereum has managed to make within the last few months. Over the last week, an unknown institution managed to buy about $946 million worth of Ethereum from FalconX, Galaxy Digital, and BitGo. Lately, the demand for Ethereum from institutions, both public and private, has significantly increased. While well-known firms like Co…

Ethereum Boost to $4.3K as Analysts Eye $20K Target Amid Whale Frenzy

Unknown whale accumulated $1 billion worth of ETH through 221,166 tokens across six wallets, sourced from Galaxy Digital, FalconX, and BitGo. Ethereum’s 21% price surge pushed it above $4,000 to $4,303, giving it a $523 billion market cap that now exceeds Mastercard’s valuation. Institutional accumulation of Ethereum has been high in recent times, with one unknown party buying up close to $1 billion worth of ETH tokens. The price increase of th…