An unidentified institution has significantly increased its Ethereum holdings, purchasing 47,070 ETH for $112.96 million USDC over the past three days, according to Spot On Chain monitoring. The acquisition was made at an average price of $2,400 per ETH during a market correction. In total, the institution has invested $333.78 million to acquire 132,535 ETH over the last 11 days, utilizing platforms such as Wintermute and Coinbase. The average purchase price was $2,518 per ETH. Currently, the institution is experiencing a floating loss of approximately $36.68 million, equating to an 11% decline, as previous gains of over $30 million are at risk of being wiped out.