Ethereum’s recent price rally has caught the attention of major institutional investors.
According to data from blockchain analytics firm Spot On Chain, Galaxy Digital transferred 39,834 ETH—worth approximately $103.6 million—to Coinbase within the last eight hours, capitalizing on a brief market pullback.
Meanwhile, Nasdaq-listed blockchain company BTCS has taken steps to significantly expand its Ethereum holdings. The firm partnered with New York-based ATW Partners to raise a total of $57.8 million for ETH purchases. Having already completed a $7.8 million bond issuance, BTCS plans to secure the remaining $50 million in the near future. CEO Charles Allen stated that the move was inspired by MicroStrategy’s Bitcoin strategy, noting that the company aims to boost staking rewards, deploy new validator nodes, and enhance block production on the Ethereum network as part of its revenue strategy.
