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Bitcoin OG Whale Sells $215 Million in BTC, Buys Ethereum
Crypto Trends

Bitcoin OG Whale Sells $215 Million in BTC, Buys Ethereum

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A prominent Bitcoin billionaire is continuing his aggressive pivot into Ethereum, according to data from whale-tracking platform Lookonchain. 

Over the past 12 hours alone, the investor sold 2,000 BTC worth $221 million and used the proceeds to purchase 49,850 ETH valued at $219 million on spot markets.

In total, the whale has accumulated 691,358 ETH worth roughly $3 billion in just the past two weeks, marking one of the most significant ongoing shifts of capital from Bitcoin into Ethereum seen in recent months.

After briefly pausing his ETH purchases for two days, the whale returned to the market with force, depositing another 1,000 BTC ($108.27 million) to Hyperliquid, where he sold the coins and converted the funds directly into spot Ethereum.

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Alongside these buys, the trader also closed out a massive leveraged long position of 96,452 ETH ($433 million), securing a profit of $2.6 million before immediately reinvesting into spot ETH.

In the past 14 hours, his activity has further intensified, with sales of 3,968 BTC worth $437 million matched by fresh acquisitions of 96,531 ETH valued at $443 million.

This series of moves underscores a strong conviction in Ethereum over Bitcoin, with billions in capital being actively reallocated in real time.

Bitcoin price down 6%

Bitcoin has been steadily declining over the past week. According to the data from CoinMarketCap, BTC price is down 5.96% from $115,560 to $108,572.

Source: CoinMarketCap

Bitcoin (BTC) is priced at $108,541.96, rising 1.35% over the past day. Its market cap is $2.16 trillion, showing a 1.35% decline, while the 24-hour trading volume is $72.74 billion, up 11.58%.

The fully diluted valuation (FDV) stands at $2.27 trillion, with a volume-to-market-cap ratio of 3.41%. The total supply is 19.91 million BTC.



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BlackRock Buys the Dip With $314 Million in Ethereum
NFT Gaming

BlackRock Buys the Dip With $314 Million in Ethereum

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  • BlackRock tops Ethereum holdings
  • Ethereum price outlook 

Although the crypto market is down today, institutional interests in Ethereum appear unmoved. 

While Ethereum has seen its price trade in the red zone for the most part of the day, BlackRock has displayed resilience with another major ETH buy activity, according to data from Arkham Intelligence Firm.

In an attempt to stack up on the second-largest cryptocurrency by market capitalization for lesser costs, BlackRock has purchased large amounts of Ethereum worth $314 million on August 26th.

BlackRock tops Ethereum holdings

While BlackRock’s iShares Ethereum ETF is renowned for leading the broad crypto ETF community in its steady accumulation of Bitcoin and Ethereum, the move comes as no surprise. However, the timing of the massive ETH buy from BlackRock has got the crypto community talking.

BlackRock’s ETH purchase comes at a time when the market is experiencing massive price downturns, with Ethereum falling as low as $4,316 on the same day. While the price downturn has seen investors exercise caution as sentiments turn bearish, BlackRock has seized the opportunity to accumulate the asset at a cheaper price.

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Although the move signals resilience among Ethereum’s large holders, commentators fear that BlackRock’s massive Ethereum bet at a time like this may cause the leading investment firm to lose its funds.

Ethereum price outlook 

With Ethereum’s recent price rally being preceded by a notable price decline that has lasted for the past two days, investors have shown mixed sentiments on the asset’s price potential.

Amid speculations that ETH’s ongoing downturn is a healthy price correction that will possibly lead to a more sustainable rally in the price of the asset, some analysts have issued warnings that it might be a sign of an early bear phase.

Despite the division over Ethereum’s short-term trajectory, BlackRock has continued to double down on Ethereum during the price slumps. With BlackRock’s latest Ethereum purchase, there are hopes that the move could reinforce investor confidence. Thus, this could help fuel optimism among retail and institutional investors in Ethereum’s long-term price potential.

While Ethereum is trading at $4,515.67 as of press time, the asset is showing a price decline of 1.51% over the last 24 hours. With this slow price action, Ethereum has seen its price fall as low as $4,316 and surge as high as $4,595.88 on August 26th.



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Crypto Trends

Strategy Adds $357 Million in Bitcoin After Resuming Common Stock Offerings to Fund BTC Buys

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In brief

  • Strategy purchased roughly 3,000 Bitcoin worth $357 million.
  • The company issued common stock to fund the purchase.
  • The move conflicted with a newly adopted equity issuance policy.

Strategy, formerly MicroStrategy, purchased $357 million in Bitcoin last week, selling common stock to fund acquisitions for the first time in nearly a month, the company said in a press release.

The Tysons Corner, Virginia-based firm issued $310 million worth of Strategy shares to fund its latest purchase. The move represented a return to normal after the Bitcoin-buying firm made a series of adjustments to its corporate playbook.

Strategy signaled a week ago that it was modifying a newly adopted equity issuance policy, which restricted its ability to issue common shares when its stock traded at a certain valuation. Although the framework was intended to show “discipline,” Strategy gave itself some wiggle room by saying the framework would be set aside “when otherwise deemed advantageous.”

The company said it would no longer issue common stock when Strategy’s so-called mNAV was below 2.5x, or its shares traded at less than a 2.5x premium to its Bitcoin holdings. Analysts lauded the shift when it was announced less than a month ago alongside Strategy’s second-quarter earnings performance, marked by $10 billion in profit.



Strategy shares fell nearly 2.7% to $348 on Monday, according to Yahoo Finance. The stock has cooled significantly from a high of $457 last month, but shares are still up 20% year-to-date. The price of Bitcoin, meanwhile, fell to $112,580, down 1.6% over the past 24 hours, although BTC is up 20% year-to-date, according to crypto data provider CoinGecko.

When Strategy’s shares trade at a premium to its Bitcoin holdings, the company is able to grow the amount of Bitcoin it owns per share issuing common stock. This year, Strategy has introduced several types of preferred shares as a new source of funding.

Strategy’s most recent Bitcoin purchase, for example, was partly funded by its SRTK, STRF, and STRD offerings. Strategy most recently raised around $47 million by selling the preferred stocks, which carry various obligations and dividend payments.

Damped Spring Advisors CEO and CIO Andy Constan is among those that have compared Strategy to a Ponzi Scheme, arguing the firm will have to issue common stock to fund dividends that it’s obligated to routinely pay its preferred shareholders.

Decrypt reached out to Strategy for comment.

Under an at-the-money (ATM) offering program established in May, Strategy can issue another $16.7 billion in common stock to pad its stockpile. As of Monday, the Bitcoin-buying firm held roughly 632,500 Bitcoin worth $70.5 billion, according to Bitcoin Treasuries.

In some ways, Strategy’s about-face on equity issuance is advantageous, according to Steven Lubka, VP of investor relations at Bitcoin treasury firm Nakamoto. It makes the company’s next funding move all that much harder to see coming, he told Decrypt.

“It makes him harder to predict,” Lubka said, referring to Strategy co-founder and Executive Chairman Michael Saylor. “The end state of this is that now you really don’t know if he’s going to hit the ATM every week.”

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Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH
Crypto Trends

Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum is once again in the spotlight after smashing through its previous all-time high, reaching $4,886 on Friday with an explosive 14% daily surge. This breakout underscores the strength of ETH’s ongoing bullish trend and highlights its growing dominance in the crypto market. While Bitcoin has been consolidating around familiar levels, Ethereum has become the focal point of institutional interest, with large players increasingly allocating capital to the asset.

Fundamentals remain robust, as both on-chain and market data confirm that Ethereum demand is accelerating. Institutions, funds, and whales are not only holding but also aggressively adding to their positions, signaling conviction in Ethereum’s long-term value. According to Arkham Intelligence, Tom Lee’s Bitmine has just bought $45 million worth of ETH, further cementing the narrative of large-scale accumulation. This move aligns with a broader trend of influential investors and organizations betting on Ethereum as the backbone of decentralized finance and the leading smart contract platform.

The combination of new highs, institutional adoption, and growing market confidence places Ethereum at the center of attention heading into the next phase of the cycle. Bulls now expect price discovery to unfold, potentially pushing ETH toward uncharted territory.

Institutional Accumulation Signals Bullish Upside

Ethereum’s rally is increasingly being fueled by deep-pocketed institutional players, with Arkham reporting that BitMine now holds $7 billion worth of ETH. This staggering position makes BitMine the largest corporate holder of Ethereum, with 1.518 million ETH under its control—equivalent to roughly 1.3% of the total supply. Far from slowing down, BitMine continues to accumulate, reinforcing the narrative that institutions see Ethereum as a cornerstone asset for the future of digital finance.

Bitmine’s Ethereum Holdings | Source: Arkham Intelligence

Close behind is SharpLink Gaming, the second-largest corporate holder, which has amassed 729,000 ETH valued at approximately $3.2 billion. Together, these two players represent a significant concentration of Ethereum in corporate treasuries, underscoring the scale of institutional conviction. Analysts point out that such accumulation not only locks away massive amounts of ETH from circulation but also shifts market dynamics by tightening available supply.

When large entities consistently buy and hold, it often signals confidence in both the asset’s utility and long-term price appreciation. Many market participants view Ethereum’s latest breakout above its 2021 all-time high as only the beginning, with corporate demand providing a strong foundation for further gains. If this pace of accumulation continues, Ethereum could be entering the kind of supercycle many investors have long anticipated.

Weekly Outlook: Key Resistance In Play

Ethereum’s weekly chart shows a powerful rebound that has carried the asset to new highs not seen since late 2021. After finding strong support near the $2,400 region earlier this year, ETH has staged a decisive rally, surging past its long-term moving averages (50, 100, and 200-week SMAs) and breaking through resistance levels that previously capped momentum. This breakout has culminated in a fresh push toward $4,779, putting Ethereum firmly back into price discovery territory.

ETH testing ATH resistance | Source: ETHUSDT chart on TradingView

The structure of the chart highlights how bulls have regained control. ETH has posted consecutive bullish candles, with strong buying momentum following institutional accumulation trends reported on-chain. The alignment of the moving averages — with the 50-week SMA turning upward above the 100 and 200-week SMAs — signals a strengthening long-term bullish trend.

However, the rapid pace of this climb also raises the risk of short-term exhaustion. ETH is now trading near historically significant resistance levels that align with prior cycle peaks, which could spark profit-taking among traders. If a retracement occurs, $4,300 and $3,800 emerge as key support zones to watch.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Rory McIlroy -- Cleaned out Masters Shop with 1,100 flag buys
Esports

Rory McIlroy — Cleaned out Masters Shop with 1,100 flag buys

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Aug 19, 2025, 05:27 PM ET

ATLANTA — Rory McIlroy didn’t leave Augusta National as the Masters champion without one last purchase from the gift shop.

He said there were 1,100 pin flags remaining in the Masters Shop.

“And we took all 1,100,” McIlroy said Tuesday ahead of the Tour Championship, the end of a PGA Tour season that has been his most memorable to date all because of one Sunday in April.

“It’s been a lot,” he said of the flags he has signed. “But I’ll never get sick of signing them. I’ve waited 17 years to sign that flag in the middle, and I will never complain about doing it.”

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Players sign flags all the time for fans, but the golf protocol is that only the Masters champion signs his name inside the outline of the U.S. that is part of golf’s most famous logo.

It has been just over four months since McIlroy delivered an exhilarating end to his 17-year pursuit of winning the green jacket, making birdie on the first playoff hole to beat Justin Rose and complete the career Grand Slam.

He hasn’t won since then, and at times he has talked about finding motivation. But being the Masters champion doesn’t get old. He already is planning some trips to Augusta National, a luxury afforded the champion, including one with his dad.

If anything surprised him, it was the one-year ownership of the Masters green jacket.

He hardly ever wears it.

McIlroy said he wore it all night until he went to bed at about 3:30 a.m., and then awoke and went through sensations so many others have. He saw the jacket draped over a chair, a reminder that it all wasn’t a dream.

He wore it during a brief appearance at the Association of Golf Writers’ dinner during the British Open. Otherwise, the occasions have been rare.

“I’m reluctant to wear it,” he said. “It’s not as if I wear it a lot. I have it hanging in my wardrobe in a place where I can see it every day. I always thought if I had one — if I did win the Masters one day — I’d never have the thing off, and it hasn’t been that way. I haven’t worn it as much as I thought I would.”

McIlroy said he has trips planned with friends and some Augusta National members with whom he has become friends over the years. He would be required to wear his green jacket at the club, which most likely won’t require anyone twisting his arm.

“I’ve always said some of my favorite times at Augusta were when it wasn’t the Masters Tournament,” he said, referring to the times he went there before the Masters for practice rounds. “But it’ll be lovely to next time go there and go up to the champions locker room and put on my green jacket and feel like I belong.”



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China Renaissance Buys $100M In BNB – Expands Crypto Partnerships
NFT Gaming

China Renaissance Buys $100M In BNB, Expands Crypto Partnerships

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BNB is entering a new phase of adoption after a landmark announcement from China Renaissance, a Hong Kong-listed investment bank with deep institutional influence. On August 22, 2025, the bank’s board of directors revealed that it had signed a memorandum of understanding (MoU) with YZi Labs, allocating $100 million toward Binance’s token. This initiative marks a strategic step in bridging the gap between traditional financial institutions and the crypto market, positioning BNB as a gateway for broader adoption in regulated environments.

The agreement outlines a cooperative framework that seeks to empower the Binance Chain ecosystem with China Renaissance’s financial expertise and access to high-quality investment opportunities. In turn, the bank expects to leverage BNB’s ecosystem for new business applications, signaling a mutually reinforcing relationship.

This announcement builds on the company’s earlier disclosure in June 2025 of its intent to pursue cryptocurrency investments. By formalizing its commitment with a large-scale allocation, China Renaissance is not only validating BNB as a viable institutional asset but also setting a precedent for other financial players in Asia and beyond. The partnership could prove pivotal in enhancing BNB’s role within global markets, where regulatory clarity and institutional credibility are key drivers of adoption.

BNB Surges As China Renaissance Commits $100M

Binance co-founder and former CEO, Changpeng Zhao, highlighted the significance of the deal, stating: “China Renaissance, a HK public company, buying $100m USD worth of BNB. In addition to buying BNB, many other long-term strategic partnerships are involved. Let’s build the ecosystem together!” His words reinforced the strategic importance of this cooperation, which goes beyond a simple investment and points to structural growth for BNB in regulated markets.

The immediate market reaction was explosive. The price surged to a new all-time high of $899, marking a milestone in its history. This price action reflects renewed confidence in the asset’s long-term prospects, especially as partnerships deepen and institutions signal commitment.

Related Reading: Dormant Bitcoin Whale Awakens: BTC OG Rotates Into $577M ETH Long

For BNB, the timing could not be more significant. While other altcoins are facing volatility, the chain is showing resilience and growth capacity. With China Renaissance’s institutional backing, and additional strategic partnerships in development, the token appears poised not just for price appreciation but also for broader adoption as a utility and infrastructure asset in global markets.

Price Analysis: Testing Uncharted Territory

Binance coin is showing strong bullish momentum, breaking into new all-time highs with its latest rally. On the weekly timeframe, BNB is trading at $898.29, closing in on the psychological $900 level after surging nearly 5% this week. This push comes right after the announcement of China Renaissance’s $100M allocation into BNB, fueling confidence among institutional and retail investors alike.

BNB reaching new ATH | Source: BNBUSDT chart on TradingView

From a technical perspective, BNB’s trend remains intact, with the 50-week SMA at $654 and the 100-week SMA at $544 providing long-term support. The current distance between price and the moving averages highlights the strength of this parabolic move, but also signals caution, as extended gaps often precede periods of consolidation.

The price has broken decisively above its previous resistance zone at $780–$800, turning it into new support. If this level holds, the path toward $950–$1,000 opens up, supported by growing ecosystem developments and institutional demand. Structure signals continued strength, with institutional backing adding fuel to its breakout and positioning it for further upside in the coming weeks.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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High-resolution image of numerous shiny gold bitcoin tokens stacked together. (Kanchanara/Unplash)
Crypto Trends

Cathie Wood’s Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares

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Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.

The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 million at the close of trading in New York, when the stock settled at $59.51 at close. The buy builds on Ark’s earlier allocation of more than 2.5 million shares spread across three ETFs on the day of Bullish’s debut.

Bullish is the owner of CoinDesk.

Ark also extended its buying spree in Robinhood (HOOD), purchasing 150,908 shares worth about $16.2 million at Tuesday’s close of $107.50.

Robinhood has become one of Ark’s most consistent crypto-adjacent holdings, with Tuesday’s purchase marking the third straight trading day the firm added to its position, following $14 million in buys on Monday and $9 million on Friday.

Read more: Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market



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