Whale of a Deal! Ethereum Foundation Sells ETH to BitMine, But Wait-There’s More!

Now, let’s not forget, this isn’t their first rodeo! Back in the sun-kissed days of July 2025, the Ethereum Foundation sold a staggering 10,000 ETH to SharpLink Gaming at a dazzling average price of $2,572-a deal worth $25.7 million! Just imagine the parties they threw with that cash!

Ethereum may be wobbling like a toddler on a unicycle, currently down almost 60% from its high-flying 2025 peak of $4,946. But fear not! BitMine has kept its buying spree alive and is snatching up these low-priced beauties, anticipating that one day, just maybe, they’ll be laughing all the way to the blockchain bank!

After switching gears from Bitcoin mining to Ethereum hoarding, BitMine has rapidly amassed one of the largest institutional ETH reserves in the whole wide world. Recent insider gossip suggests they now hold more than 4.53 million ETH-about 3.7% of Ethereum’s entire circulating supply! That’s a hefty lunchbox of digital currency!

Watch Out! Ethereum Whales are on the Hunt!

But wait! It’s not just the institutions having all the fun. Oh no! Individual whales, those mysterious creatures of the crypto deep, are also busy gobbling up Ethereum like it’s the last cookie in the jar. On-chain data reveals that a wallet known as ‘0x8E34’ has been steadily withdrawing Ethereum from exchanges since March 11. This whale has recently added a whopping 6,413 ETH worth about $13.83 million to its bulging collection-bringing the grand total to 80,157.67 ETH in just four short days! And guess what? That position is already swimming in an unrealized profit above a cool $980,000. Talk about a lucky fish!

Another whale, dubbed the creatively bland 0x743d, decided to splash out a staggering 3.79 million USDT to snag 1,827 ETH. In just four days, this crafty creature has reportedly spent a jaw-dropping $24.79 million to buy 11,985 ETH, at an average entry price of about $2,068 per ETH. Clearly, they’ve got their eyes on the prize!