A wallet associated with blockchain technology company Consensys has purchased 17,864 Ethereum (ETH) worth approximately $50 million through Galaxy Digital’s over-the-counter (OTC) trading desk. This institutional-scale transaction highlights sophisticated players’ strategic positioning within the Ethereum ecosystem.
The wallet’s holdings reveal a diversified staking and investment approach, containing 71,671 liquid staked ETH (lsETH) alongside 6,786 native ETH. This composition indicates active participation in Ethereum’s proof-of-stake network while maintaining direct asset exposure.
Galaxy Digital’s OTC desk facilitated the trade, providing institutional advantages including minimized market slippage, transaction privacy, and customized settlement arrangements. Such services enable large-scale transfers without disrupting public order books.
The acquisition signals robust institutional confidence in Ethereum’s long-term prospects and underscores staking’s growing role in digital asset management strategies. It further demonstrates how specialized OTC solutions remain critical infrastructure for executing major cryptocurrency transactions efficiently.