Mysterious Institution Accumulates Nearly $1 Billion in Ethereum Within a Week!

Jakarta, Pintu News – According to Cointelegraph (11/8), an unidentified party has been aggressively buying Ethereum over the past week, with purchases totaling 221,166 ETH as the asset’s price rose 21%.

Mysterious Institution Buys $212 Million ETH

In just the last 24 hours on August 11, 2025, the “mystery institution” bought $212 million worth of Ethereum, according to data from analytics platform Lookonchain.

Read also: Ethereum Price Hovers Around $4,200 on August 8 — Could ETH Be Heading for New Highs?

Whale tracker reports that this entity uses six different wallets to store Ether obtained from Galaxy Digital, FalconX, and BitGo.

The wallet with the most Ether holds $181 million worth of assets, while the wallet with the least holds $128 million worth.

This massive buying spree comes as the number of Ethereum addresses holding more than 10,000 ETH reached 868,886 on Saturday – the highest level in the past year, according to Glassnode data.

Ethereum Market Capitalization Surpasses Mastercard

Ethereum’s market capitalization jumped to US$523 billion on Monday (11/8), driven by a 21% increase in the price of Ethereum in the past week to break the US$4,000 level.

As of August 11, Ethereum was trading at around $4,332. ETH’s market value now surpasses payment giant Mastercard, which has a market capitalization of $519 billion, according to CompaniesMarketCap data.

In the past week, public companies that hold Ethereum on their balance sheets added more than 304,000 ETH worth more than $1.3 billion, according to a CoinGecko report on Saturday.

BitMine Immersion Technologies was the largest buyer, acquiring more than 208,000 ETH worth over $900 million. This was followed by SharpLink Gaming, which bought $303 million worth of Ethereum.

Read also: Awaiting US CPI Data, Bitcoin Ready to Break New Price Records?

Analysts Grow More Optimistic on ETH Price Movement

A number of technical analysts are now bullish on Ethereum, with some predicting the price could break $20,000 for the first time in months.

Analyst Nilesh Verma expects ETH to reach this target in six to eight months, based on historical price movement patterns. Meanwhile, technical analyst Merlijn The Trader thinks the price of ETH even has the potential to surpass the $20,000 level.

On the other hand, some industry experts caution investors to be cautious.

Ethereum founder Vitalik Buterin supports the company’s move to add Ether to its financial reserves. However, he warned against this trend turning into an “excessive debt game” that could trigger the asset’s downfall.

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Reference:

• Cointelegraph. ‘Mysterious institution’ buys almost $1B worth of Ether in week. Accessed on August 12, 2025