Ethereum News Today: Institutional Demand Drives $882M Ethereum Buy-In Amid Rising Price Targets

Institutional and whale-driven demand for Ether has surged recently, with over $882 million in ETH acquired in a short timeframe. BitMine Immersion Technology, a public Bitcoin mining firm, led the charge by purchasing 106,485 ETH valued at $470.5 million within 10 hours. This brings the firm’s total ETH holdings to 1,297,093 ETH, valued at approximately $5.75 billion, based on data from Lookonchain[1]. The miner reportedly secured much of the ETH through large over-the-counter (OTC) trades and direct transfers from major institutional intermediaries such as Galaxy Digital, FalconX, and BitGo[2].

In parallel, an unidentified whale has been quietly acquiring 92,899 ETH, worth around $412 million, over the past four days. The whale created three new wallets and withdrew the funds from Kraken, suggesting a strategy focused on long-term storage rather than short-term speculation[1]. The move highlights a broader trend of large-scale investors building Ethereum positions amid improving market conditions and regulatory clarity.

BitMine is also raising $24.5 billion through an at-the-market stock offering, while another firm, SharpLink, has completed a $389 million capital raise through common shares[1]. These developments signal strong institutional capital flows into the Ethereum ecosystem, reinforcing the asset’s growing appeal as a corporate reserve asset.

Standard Chartered has raised its 2025 ETH price target from $4,000 to $7,500, citing stronger institutional accumulation and faster stablecoin adoption following U.S. regulatory developments. The bank has also projected a long-term price trajectory, with targets of $12,000 by 2026, $18,000 by 2027, and $25,000 by 2028[1].

Despite the accumulation momentum, signs of profit-taking have emerged. A whale group known as 7 Siblings sold 19,461 ETH, valued at $88.2 million, in a 24-hour period. Separately, the Ethereum Foundation offloaded 2,795 ETH, worth around $12.7 million, in two transactions[1]. These actions suggest that some large holders are beginning to secure gains as ETH nears a potential all-time high.

The combination of aggressive accumulation by major players and cautious profit-taking underscores a maturing market dynamic, with Ethereum increasingly viewed as a strategic asset by both corporations and individual investors.

Source: [1] Ether Accumulation Heats Up: $882M in ETH Snapped Up by BitMine, Whale (https://cointelegraph.com/news/ether-accumulation-heats-up-882m-in-eth-snapped-up-by-bitmine-whale)