Major Ethereum investors have intensified holdings, acquiring over $400 million worth of ETH in a show of confidence amid growing on-chain activity and institutional adoption. A prominent whale purchased approximately $300 million (85,000 ETH) through Galaxy Digital’s over-the-counter desk across three days, sustaining a $26 million unrealized loss while demonstrating conviction in Ethereum’s long-term value.
Ethereum-focused institutional firm SharpLink significantly bolstered its position by adding 30,755 ETH ($108.57 million) to its reserves during a recent price dip. This acquisition raises SharpLink’s total Ethereum holdings to 480,031 ETH, equivalent to roughly $1.65 billion, signaling strategic accumulation by major stakeholders.
On-chain metrics underscore sustained ecosystem vitality, with blockchain analytics firm Sentora reporting 931,000 active Ethereum addresses – indicating robust network growth. Accelerating institutional participation coincides with increasingly favorable U.S. regulatory developments toward blockchain technology, positioning Ethereum as a leading smart contract platform.
The substantial OTC acquisitions during temporary market weakness highlight institutional players’ long-term confidence in Ethereum’s trajectory. This aggressive accumulation by key market participants reflects broader optimism about Ethereum’s infrastructure development and evolving regulatory landscape.