According to David Duong, head of institutional research at Coinbase, since the beginning of August, major Ethereum treasury entities have accumulated more than 795,000 ETH worth about $3.60 billion, and these institutions currently control more than 2% of the total ETH supply. The specific purchase details show:
On August 10, BMNR bought 317,100 ETH.
On August 11, ETHZilla purchased 82,200 ETH.
On August 14, SBET purchased 206,500 ETH.
BMNR's new funding round of $20 billion brings its total purchasable ETH capacity to $24.50 billion.
Head of Institutional Research at Coinbase: Major Ethereum Treasury Entities Purchased 795,000 ETH This Month
2025-08-18 02:03:45
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