According to data from blockchain analytics firm Arkham, Paradigm Capital sent 4,535 Ethereum to the address used by Anchorage Digital for custody purposes.

Paradigm Capital, a cryptocurrency-focused investment firm, has a history of making early-stage investments in projects within the sector.

Ethereum, which is anticipating the approval of spot ETFs in the US, has gained 25% in value over the week, according to CoinGecko data. The ETH sent by Paradigm Capital is worth a total of $17 million.

Arkham data reveals that Paradigm Capital’s wallet holds a total of $443.1 million worth of altcoins.

The firm’s wallet contains 78,983 ETH, 70 million LDO, 543,668 OP, 11,236 COLLE, and various other altcoins.

The post Paradigm Capital Jumps on Ethereum’s Rising Price, Acquiring $17M Worth of ETH appeared first on Coin Engineer.