Ethereum reserves are turning into hot products as more companies plan to buy ETH. However, last week, mystical beings built a potential Treasury ministry for ETH, exceeding 171k.
The anonymous entity has acquired ETH from multiple sources and is building a 171,015 ETH reserve. On-chain data shows that Ethereum tokens have been sent to six newly created wallets funded by other large trading wallets.
Funds flowed through multiple transactions, tapping on Bitgo, Falconx and Galaxy Digital, suggesting buying institutions. Other anonymous whales often use binance for large transactions.
This mysterious institution has once again created a new wallet and received $10,396 in ETH ($40.6 million) from #FalConx in the last two hours.
Over the past four days, they have created six wallets and accumulated $171,015 (667mm) from #FalConx, #GalaxyDigital, and #Bitgo.https://t.co/uyo6qghrho pic.twitter.com/fec4ilwzvozvozvozvo.
– lookonchain (@lookonchain) August 8, 2025
Additional accumulation arrived as Ethereum attempted yet another breakout. The tokens surpassed the $3,900 level, setting hiking expectations once again at $4,000, a new all-time high. ETH is recovering from its image as an inactive chain, and instead showing the network is a critical infrastructure for both native activity and influx from institutional funds.
The current size of the Ethereum Reserve places the entities among the top five entities with strategic ETH spareoutweighs Coinbase and other previous owners. The connected wallet has not yet been linked to a specific finance company or a well-known buyer.
Recent influx tracks famous purchases by Sharplink Gaming and Ethereum Machine, as before It has been reported By cryptopolitan.
Whale actively moves ETH for defi
Whales are very active in the ETH spot market, staking both trading and accumulation. After recently sold whale panic, which Ethereum had a short-term setback, return I’ll buy it for $3,828.
Overall, ETH is still relatively distributed, with the top 10 whales holding about 12.33m ETH, which is less than 10% of the total supply. In comparison, BlackRock and Strategy already hold more than 6% of BTC supply, further locking in the wallets of top institutions and businesses.
Ethereum inevitably accumulates, even if it is held by retailers and early investors. After its duration as a utility coin, ETH is currently widely used for staking and liquid staking.
Influx of ETH Accumulation address Historically, it continues at a high pace, with increasing demand for obligations or reserves for larger future gatherings.
Sharplink Gaming buys more ETH
The Sharplink game was also added to the ETH Treasury Rush. On past days, the company got an additional 21,959 ETH, total of 543,898 ETH.
Sharplink continues to be the second largest corporate ETH owner as Bitmine has already expanded its Treasury to 833.1k ETH. Following the recent purchase, SBET shares were recovered near a weekly high of $23.56.
It may be difficult to track accurate Treasury and wallets as almost every entity moves their funds into liquid staking. Even when it gets stained with the beacon chain, the stakes are split into several tranches of 2,048 ETH. Some large ETH holders choose third-party liquid staking entities that also act as validators.
After the first peak of request To zero ETH, the validator is now back to normal balance. Nearly 30% of the ETH supply is trapped in staking, with additional tokens wrapped in multiple protocols. Increased demand from multiple buyer profiles continues to increase the rarity of ETH in the short term.
In total, the strategic ETH reserve is currently above 3M ETH, catching up to near-vertical growth. The ETF has slowed down over the past month, but it still has a 5.3m ETH.