Head of Institutional Research at a Leading Exchange: Major Ethereum Treasury Entities Have Purchased 795,000 ETH This Month

According to a report by Jinse Finance, David Duong, Head of Institutional Research at a certain exchange, revealed that since early August, major Ethereum treasury entities have collectively purchased over 795,000 ETH, valued at approximately $3.6 billion. These institutions now control more than 2% of the total ETH supply. Detailed purchase records show: on August 10, BMNR acquired 317,100 ETH; on August 11, ETHZilla purchased 82,200 ETH; and on August 14, SBET bought 206,500 ETH. BMNR’s new round of $20 billion financing has increased its total ETH purchasing capacity to $24.5 billion.