Ethereum News Today: Mystery Institution Buys $1.15 Billion in ETH as Price Surges 21% in Week

An unidentified institution has accumulated over $1.15 billion worth of Ethereum (ETH) in under a week, according to blockchain analytics firms including Lookonchain and Pillows. The entity used six distinct wallets, each holding between $128 million and $181 million in ETH, with the largest single wallet valued at $181 million. The purchases were primarily conducted through exchanges such as Galaxy Digital, FalconX, and BitGo [1]. The total volume of the accumulation equates to 221,166 ETH, and the price of Ether briefly pushed above $4,300, marking a level not seen since late 2021 [2]. In just 24 hours, the buyer spent $212 million on Ether, signaling strong conviction in the asset [3].

The aggressive buying coincides with a notable increase in large Ethereum holdings. As reported by Glassnode, the number of wallets holding over 10,000 ETH has surged to 868,886, the highest in a year. This trend suggests growing confidence among institutional and whale investors [4]. Additionally, publicly traded companies added more than 304,000 ETH—worth over $1.3 billion—to their treasuries in the past week. BitMine Immersion Technologies led the charge, acquiring over 208,000 ETH, while SharpLink Gaming added $303 million in Ether [5].

Ethereum’s market capitalization reached a significant milestone, briefly surpassing that of Mastercard at $523 billion, according to CompaniesMarketCap [6]. The rise in ETH price has been supported by a combination of strong institutional demand and continued retail interest, with the asset gaining over 21% in a week. The price remains near $4,180.75 as of the latest data, with a 24-hour trading volume of approximately $38.25 billion [7].

Analysts have expressed optimism about the future of Ethereum. Nilesh Verma, a technical analyst, points to historical price patterns and predicts that Ether could reach $20,000 within six to eight months [8]. Merlijn The Trader, a well-known trader, even suggests the possibility of exceeding this target. However, Ethereum co-founder Vitalik Buterin has warned against the risks of excessive leverage in corporate Ethereum purchases, emphasizing the importance of maintaining long-term market stability [9].

Source:

[1] Mystery Institution Buys Over $1.15 Billion Worth (https://bravenewcoin.com/insights/mystery-institution-buys-over-1-15-billion-worth-of-ethereum-in-one-week)

[2] Arthur Hayes Joins Wave of Whale Buys as Ethereum Briefly (https://finance.yahoo.com/news/arthur-hayes-joins-wave-whale-150342351.html)

[3] Mystery Institution Buys $1 Billion Worth of Ethereum as (https://coincentral.com/mystery-institution-buys-1-billion-worth-of-ethereum-as-price-surges-past-4000/)

[4] Ethereum Whale Activity Surges With $946.6M Weekly (https://www.mitrade.com/au/insights/news/live-news/article-3-1030132-20250812)

[5] Ethereum ETH Whale Accumulates (https://blockchain.news/flashnews/ethereum-eth-whale-accumulates-221-166-eth-in-7-days-via-falconx-galaxy-digital-bitgo-with-implied-cost-basis-around-usd-4-279)

[6] Mystery Whale Buys $212M in ETH as Price Surges (https://cryptorank.io/news/feed/238e1-mystery-whale-buys-212-m-in-eth-as-price-surges)