Early Bitcoin Holder Converts Assets to Ethereum in Major Transaction

According to PANews, a significant transaction has been observed by Lookonchain involving an early Bitcoin holder who transferred 6,000 Bitcoins, valued at approximately $689.5 million, to purchase Ethereum. The address has accumulated a total of 278,490 Ethereum, worth around $1.28 billion, with an average purchase price of $4,585 per Ethereum. Additionally, the holder maintains a long position of 135,265 Ethereum, valued at approximately $581 million.