Bitcoin Whale Bets Big on Ethereum: Purchases Total Billions in New Staking Move

A prominent Bitcoin investor, often referred to as a veteran in the cryptocurrency space, has recently made a major move by investing heavily in Ethereum. Analysis shows that this whale now holds over $4 billion worth of ETH and has staked it all to earn rewards from the network’s staking program. Blockchain data reveals their aggressive acquisition spree. In just 24 hours on September 1st, the address purchased an additional $1.08 billion in ETH, contributing significantly to their total holdings. This follows a week-long strategy of offloading over 35,000 BTC via Hyperunit since mid-August.