The Ethereum market is witnessing unprecedented institutional interest as two major players collectively acquired $882 million worth of ETH through strategic purchases this week.

Mining Giant and Mystery Whale Lead ETH Accumulation

Public records reveal BitMine Immersion Technology purchased 【106,485 ETH】 worth $470.5 million within a 10-hour window, elevating its total holdings to 1.3 million ETH valued at $5.75 billion. Notably, the transactions occurred through OTC desks operated by institutional heavyweights including Galaxy Digital and BitGo.

Simultaneously, an unidentified entity established three new wallets to withdraw 【92,899 ETH】 ($412 million) from Kraken exchange. Blockchain analysts suggest this methodical accumulation pattern indicates long-term holding intentions rather than speculative trading.

Corporate Treasury Strategy Gains Momentum

The buying spree coincides with BitMine's $24.5 billion capital raise through stock offerings, while SharpLink secured $389 million for crypto investments. ——This institutional pivot toward ETH treasuries mirrors Bitcoin's 2020 corporate adoption wave——, with Standard Chartered revising its 2025 ETH price target upward by 87% to $7,500.

Market observers highlight a 【$1.3 billion ETH purchase】 by another new whale this week, surpassing Monday's ETF inflow records. The bank's extended forecast now projects $25,000 ETH by 2028, citing accelerating stablecoin adoption and regulatory clarity.

Profit-Taking Emerges Near All-Time Highs

As ETH approaches its historical peak, the notorious "7 Siblings" whale group liquidated 【19,461 ETH】 ($88.2 million) at $4,532 per token. The Ethereum Foundation contributed to selling pressure with two transactions totaling $12.7 million, though these represent less than 0.2% of circulating supply.

Interestingly, the foundation's move follows a 180-day dormancy period, contrasting with BitMine's aggressive accumulation strategy. Market analysts note such divergence often precedes volatility, with derivatives data showing growing long positions despite the profit-taking activity.