I Believe Bitmain Is Behind $1.24B ETH Accumulation
I observed that over the past eight days an address acquired 293,186 ETH (about $1.24 billion) via institutional trading desks such as FalconX, Galaxy Digital and BitGo, and I believe Arkham-data cited by Amber CN points to this buyer being Bitmain. I note that Bitmain had earlier announced an additional purchase of 317,000 ETH last week, and combining that amount brings their reported holdings to roughly 1,150,000 ETH. This concentrated institutional accumulation highlights significant institutional interest in Ethereum and could influence market dynamics for ETH.
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