cryptopotato.com
A Bitcoin wallet from several years ago showed activity just today, selling at a substantial profit and shifting strategies towards the second-largest crypto asset by market capitalization.
Ethereum, the asset of choice, has meanwhile been garnering considerable attention from institutions and retail investors alike.
Change of Heart
A dormant $BTC whale has resurfaced today, as reported by the Lookonchain market watcher page. The team traced the original purchase from seven years ago, when the wallet received 100,784 $BTC (~$642M), which was sold for Ethereum ($ETH) today.
At the start of 2018, the leading cryptocurrency was trading at roughly one-tenth of its current price (approximately $113,000 now, compared to around $13,000). If we assume that they bought in at that price, this has netted them a tremendous 1,613% return on the investment.
The trader purchased 62,914 $ETH (~$267 million) from the spot market using their substantial earnings and opened a long position of 135,265 Ether, worth approximately $577M.
The blockchain trackers noted another holder from 2018 who sold their Bitcoin on Hyperliquid to buy $ETH. The data shows that the wallet originally received 85,947 bitcoins at that time, worth approximately $547 million, and they believe it’s the same entity.
A total of 6 $BTC-containing wallets were identified, which hold the impressive 83,585 units, valued at around $9.42 billion, considering the prices at the time of printing.
$ETH in The Spotlight
The top altcoin has been receiving significant attention in 2025, currently up over 60% from the same time last year and trading at around $4,300. This is a modest 8.5% decrease from the recent local peak of over $4,700 it achieved last week, according to data from CoinMarketCap.
Institutions are pouring capital into the recently emerged trend of $ETH treasury companies, along with exchange-traded funds (ETFs). Notably, Tom Lee’s BitMine leads treasuries, while BlackRock’s iShares Ethereum Trust ETF has the lion’s share among the funds.
The entities hold 1.5 million $ETH and 3.54 million $ETH, respectively, in their coffers, and current data from StrategicEthReserve indicates that over $44 billion in Ether is split between treasuries and ETFs, representing almost 9% of the total supply.
