Although Ethereum (ETH) has yet to experience a major rise, rapidly increasing institutional accumulation could open the door to a bull rally for ETH. Because many corporate companies have been accumulating huge amounts of ETH lately. At this point, the latest acquisition news came from Matrixport, Abraxas Capital and SharpLink Gaming. According to Lookonchain's post, Matrixport and Abraxas Capital withdrew more than $230 million worth of ETH from exchanges. An address thought to be connected to Matrixport withdrew 40,734 ETH worth $104 million from crypto exchanges Binance and OKX in the last 24 hours, while Abraxas Capital withdrew 48,823 ETH worth $126 million from Binance and Kraken in the same period. London-based asset management firm Abraxas Capital purchased approximately $500 million worth of Ethereum (ETH) in just six days in mid-May. In parallel with these purchases, the ETH price also made a big rise, rising from $1,800 to $2,600 in the six days from May 8 to May 14. Institutions are accumulating $ETH! A wallet possibly linked to #Matrixport withdrew 40,734 $ETH($104M) from #Binance and #OKX over the past 24 hours. Abraxas Capital withdrew 48,823 $ETH($126M) from #Binance and #Kraken over the past 24 hours.https://t.co/2qc63CCAqn… pic.twitter.com/TGyw6TKlCy — Lookonchain (@lookonchain) July 3, 2025 Half a Billion Dollar Ethereum Purchase! SharpLink Gaming, which also adopted the Ethereum treasury strategy and is the largest institutional ETH holder after the Ethereum Foundation, also purchased 200,905 ETH (198,167 ETH in the first transaction and 2,738 ETH in the second transaction) worth a total of $ 524 million yesterday and today. CryptoQuant analyst also said that large amounts of ETH were purchased by institutional companies, ETFs and whales last June. Accordingly, the amount of ETH held by wallets that do not belong to centralized crypto exchanges (CEX) and have limited Ethereum output broke a record in June. The amount of Ethereum held in these wallets reached 22.7465 million ETH as of June 30, a massive increase of 35.97 percent in one month. *This is not investment advice.