“Mysterious institution” buys nearly 1 billion USD worth of Ether in a week

An unidentified entity purchased 221,166 ETH, valued at nearly 1 billion USD, over the past week, leading to notable price movements for Ether. Market capitalization for Ethereum soared to 523 billion USD.

Addresses holding more than 10,000 ETH rose to 868,886, indicating increased whale activity. Major purchases were made by companies like BitMine Immersion Technologies and SharpLink Gaming, contributing to the growing Ether treasury holdings.