Institutions Quietly Accumulate Over $4B in Ethereum Since July, Blockchain Data Shows
New blockchain data suggests a wave of quiet Ethereum accumulation is underway, driven by large investors—many believed to be U.S.-listed companies and institutional asset managers.
Since July 10, wallets linked to major trading entities have acquired more than 1.03 million ETH, worth roughly $4.16 billion. The accumulation coincided with Ethereum’s price surge from $2,600 to $4,000, suggesting an average purchase price of around $3,546.
Analysts say the pattern points to long-term balance sheet investments rather than short-term trades, signaling growing institutional confidence in Ethereum’s future.
A standout case is SharpLink Gaming, led by Ethereum co-founder Joe Lubin. The company has built a $2 billion ETH treasury in just two months, partially funded through $540 million in share sales. All tokens are currently staked, generating over $3.4 million in rewards since June.
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