An unidentified institution has purchased approximately $946 million worth of Ether over the past week, acquiring 221,166 ETH as the price jumped 21%. In just the last 24 hours, this entity bought $212 million of Ether using six different wallets, acquired from Galaxy Digital, FalconX, and BitGo. The growing interest is evident as addresses holding more than 10,000 ETH reached a yearly high of 868,886. With Ethereum's market cap now at $523 billion, it has surpassed Mastercard, which has a market cap of $519 billion. Publicly traded companies added over 304,000 ETH valued at more than $1.3 billion in the last week, with BitMine Immersion Technologies claiming the majority share. Technical analysts are optimistic about Ether's future, with predictions of it possibly hitting $20,000, although some industry experts warn of risks that could lead to downturns. Vitalik Buterin, co-founder of Ethereum, supports the trend of companies holding Ethereum in their treasuries, highlighting the current bullish sentiment surrounding the asset.

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