A cryptocurrency investor connected to ConsenSys purchased 108,278 Ethereum tokens worth approximately $320 million from Galaxy Digital, according to blockchain analytics firm Arkham Intelligence.
The buyer transferred the tokens to a new wallet address and immediately staked $120 million through Liquid Collective, a staking protocol backed by Coinbase and Blockdaemon. The move signals institutional confidence in Ethereum’s proof-of-stake consensus mechanism.
ConsenSys, founded by Ethereum co-founder Joseph Lubin, has previously expanded its Ethereum holdings, including during its $450 million Series D funding round in 2022. The company has consistently focused on building its cryptocurrency treasury while supporting network security through staking operations.
The transaction reflects broader institutional adoption of Ethereum staking services. Liquid Collective allows large investors to earn staking rewards while maintaining liquidity and security for substantial holdings.
Galaxy Digital, the cryptocurrency merchant bank founded by Mike Novogratz, facilitated the sale. The purchase represents one of the larger institutional Ethereum acquisitions tracked in recent months.
Ethereum transitioned to a proof-of-stake system in September 2022, allowing token holders to earn rewards by validating network transactions through staking rather than energy-intensive mining.
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