Unidentified Institution Buys $946 Million Worth of Ethereum in Just One Week

An anonymous entity has been aggressively purchasing Ethereum, adding a significant sum to its holdings over the past week. The buyer amassed an astounding $946.6 million worth of ETH, accumulating 221,166 ETH over seven days, and adding another 49,533 ETH today alone. This activity was spurred by purchases from major crypto service providers like FalconX, Galaxy Digital, and BitGo. The unknown buyer’s strategy remains unclear, with speculation swirling among traders about potential motives ranging from strategic accumulation to positioning for future blockchain integration.