Institutions Restart Heavy Buying After the Weekend Crypto Crash

Core Insights - Major institutional investors capitalized on the recent crypto market crash to expand their holdings at favorable prices, with significant purchases made in both Bitcoin and Ethereum [2][3][4]. Institutional Activity - BitMine Technologies, the largest Ethereum treasury company, increased its ETH holdings by purchasing 202,037 ETH, bringing its total to 3,032,188 ETH, which represents over 2.5% of the entire ETH supply. The total value of its treasury now stands at $13.4 billion [3]. - Strategy, the largest corporate Bitcoin holder, took advantage of the market downturn to acquire 220 BTC for $27.2 million, raising its total Bitcoin holdings to 640,250 BTC [4]. Retail and Whale Activity - While retail investors reacted negatively to the price drops, large investors, or "whales," took the opportunity to accumulate altcoins. Notable interest was observed in assets such as Chainlink, Uniswap, and Dogecoin [6]. - Whales holding over 100,000 LINK tokens increased their positions by 22.45%, totaling 4.16 million LINK. Additionally, large wallets added approximately 0.66 million UNI, valued at about $4 million, during a period of record trading volume [7]. - The most significant accumulation occurred in Dogecoin, where wallets holding over one billion DOGE increased their balance by 0.82 billion tokens, adding approximately $156 million worth of DOGE [8].