‘Mysterious institution’ buys almost $1B worth of ETH over the past Week

A mysterious entity has been buying Ether (ETH) aggressively over the past week, purchasing 221,166 ETH worth almost $1 billion. This buying spree has contributed to Ethereum's market capitalization surpassing $523 billion, overtaking Mastercard's market cap. Publicly traded companies, such as BitMine Immersion Technologies and SharpLink Gaming, have also added over $1.3 billion worth of ETH to their treasuries. Analysts are bullish on ETH's price action, predicting it could reach $20,000 in the coming months, although some experts caution against over-leveraging the asset.