Whale Bitcoin OG Adds $1 Billion Ethereum Investment!

Jakarta, Pintu News – The infamous Bitcoin OG, known for aggressively rotating capital from BTC to Ethereum (ETH), has continued the trend. After buying more than $4 billion worth of Ethereum coins, the aforementioned Bitcoin OG has now been staking all the accumulated Ethereum coins for rewards on a regular basis.

Bitcoin OG Increases Its Investment in Ethereum

According to an analysis of on-chain data from Arkham Intelligence, a $5 billion Bitcoin OG has bought more Ether worth more than $1 billion as of September 1. In the last 24 hours, a Bitcoin whale bought $1.08 billion worth of ETH and immediately staked it for additional rewards.

Read also: Ethereum Price Stays Around $4,300: Whale Activity and Chart Indicate Potential Momentum Shift!

This whale investor has deposited Bitcoin into Hyperunit to facilitate the purchase of Ethereum, where Lookonchain estimates that Bitcoin OG has sold 35,991 BTC since August 20, 2025. As a result, the whale investor now holds 886,371 ETH valued at over $4 billion.

At the time of writing, Bitcoin OG still holds 49,634 BTC valued at over $5.4 billion, indicating more buying power for ETH. In addition, Bitcoin OG has also bought Ether worth more than $433 million on Sunday, and the acceleration of those purchases has continued in the past 24 hours.

ETH supply on exchanges decreases due to high institutional demand

The significant Ether accumulation by Bitcoin OG is similar to the renewed demand for ETH by spot Ethereum ETFs in the US. Specifically, the spot ETH ETF in the US recorded a cumulative net cash flow of about $3.87 billion as of August 2025, slightly lower than the Ether accumulation by Bitcoin OG.

Notably, the US Ethereum spot ETF has recorded five consecutive months of net cash flows of over $10 billion. However, the US Ethereum spot ETF opened September with a negative sentiment, where the group recorded a net cash outflow of 4,319 ETH, which is worth about $19 million.

Due to the growing demand from whale investors for Ethereum, its net supply on centralized exchanges continues to decline at an exponential rate. According to data from CryptoQuant, ETH balances on Binance have been steadily declining in recent times, despite ongoing market correlations.

“While Bitcoin reserves on the Binance exchange remain relatively stable, Ethereum reserves show a persistent downward trend. This divergence indicates a stronger demand for Ethereum compared to Bitcoin, indicating that market participants are actively accumulating ETH despite being in the current price consolidation phase,” CryptoQuant said.

Ethereum demand by institutional investors looking to build strategic reserves has increased significantly, led by BitMine and SharpLink.

Read also: Pi Network Tightens Supply with Mining Cuts, What’s Next?

Analysts Forecast Ether Weakness in the Middle of the Intermediate Period

According to renowned crypto analyst, Benjamin Cowen, the price of ETH is expected to drop further, possibly below $4,000, in the near future. Cowen issued a bold prediction about ETH after previously making similar predictions that proved to be correct.

The crypto analyst predicts that ETH prices will drop to the 21-week EMA, which is currently at around $3.5k, before finding macro support for the next bull phase.

Cowen believes that the short-term impact of the Fed rate cut hype on September 17 could potentially be bearish for the crypto market more broadly.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Bitcoin OG Whale Adds Another $1B in Ethereum Despite Midterm Correction Risks. Accessed on September 3, 2025
• Crypto News. Bitcoin OG Whale Adds Another $1B in Ethereum. Accessed on September 3, 2025