In the week from June 22 to June 28, 2026, institutional investors continued to show interest in Ethereum, with Bitmine and SharpLink purchasing a combined total of 66,280 ETH, valued at $104.9 million. This activity highlights ongoing institutional accumulation of ETH despite a decline in the stablecoin market cap, which fell by $2.33 billion during the same period.
Meanwhile, Bitcoin saw limited institutional buying, with only two companies acquiring a total of 282 BTC, worth approximately $16.65 million. Notably, Michael Saylor's Strategy did not purchase any Bitcoin last week, while Tom Lee's Bitmine acquired 27,084 ETH for $42.52 million, and SharpLink bought 39,196 ETH for $62.4 million.
Institutions Accumulate 66,280 ETH as Stablecoin Market Cap Drops $2.33B
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