85,859 BTC can buy how much ETH?

Can directly buy the top position on the on-chain holdings list, surpassing BMNR⚡️

A certain ancient whale of $BTC that has been dormant for seven years is making a high-profile switch to ETH through Hyperliquid. In less than a week, he has done the following:

1️⃣ Converted part of the BTC into 71,108 ETH, worth $304 million.

2️⃣ Longed $578 million worth of ETH through 5 addresses, holding 135,265 coins, currently down $2.13 million.

Currently, he still holds over $9.6 billion in BTC on-chain, with a cost around $7,000, and the funds have been distributed to dozens of addresses, continuously exchanging small amounts for ETH. I wonder how long this OG/institution plans to be bullish on $ETH.