$ETH Institutional investors have bought more than $ 4 billion in Ethereum since mid-July without a rush. - The latest analysis of onchain data suggests that large investors - likely U.S. companies and institutional investors - have been actively buying Ethereum over the past month. Since July 10, more than 1.03 million #ETH worth about $ 4.16 billion have been purchased through various exchanges and institutional platforms. This wave of purchases coincided with Ethereums sharp rise from $ 2,600 to $ 4,000, a 45% increase. Judging by the data, the average purchase price is around $ 3,546. Analysts speculate that a large portion of these transactions are related to corporate balance sheets wanting long-term access to ETH. The data does not take into account the activity of SharpLink Gaming, which has also stepped up significantly in the market. The company, led by #Ethereum co-founder #Joe Lubin, has built a $ 2 billion ETH treasure trove in just two months, partially funded by selling more than $ 540 million worth of shares. All of SharpLinks shares are publicly traded, bringing the company more than $ 3.4 million in rewards since June. Institutional investors have bought more than $4 billion The latest analysis of onchain data suggests that large investorslikely U.S. companies and institutional investorshave been actively buying Ethereum