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Mystery Holder Swaps 1308 Bitcoin for 40k Ethereum and Stakes It
23.09.2026 · Cryptonews
Over six days a single large address sold 1308 BTC and bought 40 670 ETH worth roughly 104 million dollars in total. The latest move tracked by Lookonchain was 200.71 BTC turned into 6247 ETH.
All the newly acquired Ethereum was immediately staked, pointing to a long-term hold rather than quick trading.
Bitcoin has outperformed Ethereum lately, so whether the switch pays off remains to be seen.
Based on information from https://cryptonews.net
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