Emre Yumlu 
Over the past week, an unidentified institution has made waves in the crypto market by purchasing 221,166 Ethereum during a period when the asset’s value surged by 21%. This aggressive accumulation has quickly caught the attention of traders and analysts.
Nearly $1 Billion in Ethereum in Just One Week
On-chain data reveals that in the past 24 hours alone, this “mystery buyer” acquired around $212 million worth of ETH. The holdings are spread across six separate wallets, with balances ranging from $128 million to $181 million each. The purchases were facilitated through Galaxy Digital, FalconX, and BitGo.
Ethereum’s Market Cap Surpasses Mastercard
The strong rally in ETH’s price pushed its market capitalization to $523 billion, surpassing payment giant Mastercard’s $519 billion valuation. Over the past seven days, ETH climbed past the $4,000 threshold, reaching $4,332 at its peak.
Public companies have also been increasing their exposure to Ethereum. In the last week alone, they added more than 304,000 ETH to their treasuries. BitMine Immersion Technologies led the way, buying over 208,000 ETH (worth more than $900 million), followed by SharpLink Gaming with a $303 million ETH purchase.
Analysts Eye the $20,000 Target
Many technical analysts are bullish, predicting that ETH could reach the $20,000 mark in the coming months. Some even suggest the price might exceed that level if current momentum continues.
However, Ethereum co-founder Vitalik Buterin has urged caution. While he supports companies holding ETH in their reserves, he warned against turning it into an “overleveraged game” that could harm the market in the long run.
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