Over the past few weeks, approximately 1,030,000 ETH, equivalent to around 4.16 billion dollars, have been purchased through digital exchanges and institutional trading platforms as of July 10.
During this period, Ethereum experienced a significant surge from approximately $2,600 to around $4,000, representing a 45% increase. On average, transactions indicate that the price at which these purchases were made was close to $3,546. Many analysts believe that much of this buying activity is tied to corporations aiming for long-term exposure to ETH as part of their balance sheets.
SharpLink Gaming, led by Joe Lubin who is also an Ethereum co-founder, has independently made a significant impact in the market. Within two months, they have amassed a $2 billion ETH treasury, with over half a billion dollars raised through share sales. Since June, all of their holdings have been staked and have generated more than $3.4 million in rewards.
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Should the current trajectory persist, institutions might be preparing for triggers such as approved spot ETH Exchange-Traded Funds (ETF) or increased staking acceptance within conventional finance.
This article is intended for informational purposes only and should not be taken as financial, investment, or trading advice. Coindoo.com does not advocate for particular investment strategies or cryptocurrencies. It’s essential to carry out your own research and seek guidance from a certified financial advisor before making any investment decisions.
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2025-08-09 22:35