A major institutional player in the crypto space made significant moves in the ETH market last week, acquiring 24,266 ether tokens in a single week. This acquisition is part of a broader strategy by the organization, which now maintains substantial exposure to digital assets and stablecoins.

The institution currently holds approximately 4.168 million ETH, representing roughly 3.45% of the total ETH supply in circulation. At the prevailing market price of $3,119 per ether, this equates to holdings valued at approximately $13 billion, with an additional $1 billion in cash reserves.

Staking has become a central component of their strategy. Over 1.25 million ETH has been staked for yield generation, with the organization targeting daily staking rewards exceeding $1 million. This suggests a long-term commitment to the Ethereum ecosystem and an aggressive approach to maximizing returns through protocol participation.