TechFlow, August 18 — According to David Duong, Head of Institutional Research at Coinbase, since early August, major Ethereum treasury entities have collectively purchased over 795,000 ETH, worth approximately $3.6 billion, and currently 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 acquired 82,200 ETH;
On August 14, SBET acquired 206,500 ETH.
BMNR's latest funding round of $20 billion brings its total capacity to purchase ETH to $24.5 billion.
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