Coinbase Sees $40M Ethereum Whale Move as Institutional Accumulation Surges

A major ethereum whale recently withdrew 11,370 ETH (worth $40 million) from Coinbase Prime, netting a quick $400,000 profit at an average price of $3,811. This transaction highlights the growing institutional interest in Ethereum, with over $2.38 billion worth of ETH accumulated since early July 2025. Market analysts point to strong spot ETF inflows and increasing confidence in Ethereum's long-term potential as key drivers behind this surge. The whale's move is seen as a bullish signal for the cryptocurrency, suggesting further upward momentum may be on the horizon. As of July 29, 2025, Ethereum continues to attract significant attention from large-scale investors, reinforcing its position as a leading digital asset in the crypto market.

Whale Buys $40M Ethereum as Accumulation Gains Momentum

A significant Ethereum whale withdrew 11,370 ETH worth $40 million from Coinbase Prime, securing a swift $400,000 profit at an average price of $3,811. This transaction underscores escalating institutional interest, with over $2.38 billion in ETH accumulated since early July.

Market analysts attribute the surge to robust spot ETF inflows and growing confidence in Ethereum's long-term prospects. The MOVE signals potential catalysts ahead as whale activity continues to shape market dynamics.

ARK Invest Expands Ether Exposure With $18.6M BitMine Purchase Amid Market Dip

Cathie Wood's ARK Invest capitalized on recent weakness in BitMine Immersion Technologies (BMNR), acquiring $18.6 million worth of shares across two flagship ETFs. The move signals continued institutional confidence in ether-focused strategies despite BMNR's 74% plunge from its early-July peak.

BitMine has emerged as a major corporate holder of ether, accumulating over 300,000 ETH worth $1 billion. This treasury strategy mirrors MicroStrategy's Bitcoin playbook, contributing to ETH's 57% July rally to nearly $3,900.

ARK simultaneously reduced positions in crypto-related equities, selling $7 million in Coinbase shares and $15 million in Block stock. The transactions highlight Wood's selective rotation within digital asset exposure.

Coinbase's Strategic Partnership with Circle Yields $55B+ in Shareholder Value, JPMorgan Reports

Coinbase's deepening alliance with Circle and its economic exposure to the USDC stablecoin ecosystem are generating outsized financial benefits, according to JPMorgan analysts. The Wall Street bank estimates the total value accretion to Coinbase shareholders at $55-$60 billion—a figure suggesting markets may be undervaluing the crypto exchange's stake in dollar-denominated blockchain liquidity.

The partnership manifests in two key revenue streams: a $1.6 billion equity position in Circle from 8.5 million shares, and high-margin income from USDC distribution. In Q1 2024 alone, Coinbase earned $300 million in stablecoin-related payments—surpassing Circle's entire $230 million net revenue for the period. On-platform USDC balances of $13 billion contributed $125 million at 20-25% margins, while off-platform Reserve Fund splits delivered $170 million at near-100% margins.