Consensys Acquires $320M in Ethereum, Demonstrating Institutional Confidence in Blockchain

Consensys, an Ethereum-focused infrastructure company led by Joseph Lubin, has made a significant move by acquiring $320 million worth of Ethereum. This acquisition, facilitated through Galaxy Digital’s OTC platform, underscores the growing interest from institutional investors in the cryptocurrency market. Consensys is strategically deploying these funds, with a portion staked via Liquid Collective, indicating a long-term commitment to the Ethereum network.