Arthur Hayes Continues to Accumulate His Favorite Altcoin: Latest Update on the Massive $13 Million Investment

BitMEX founder Arthur Hayes continues to accumulate Ethereum (ETH), bringing his total investment amount to $13.87 million with his latest purchases.

As one of the most influential names in the cryptocurrency world, Arthur Hayes continues to grow his Ethereum (ETH) portfolio despite market volatility. According to data shared by the on-chain data analysis platform Lookonchain, Hayes made a new purchase worth millions of dollars within the last few hours. In a transaction carried out approximately three hours ago, the famous figure added 3,298 ETH to his wallet.

The market value of this purchase was calculated at approximately $6.39 million. This move by Hayes indicates that his long-term expectations for the leading altcoin remain intact. According to Arkham data, these transfers were made from the hot wallets of major platforms like FalconX and Galaxy Digital to Hayes’s wallet address ending in “0x6cd.” In particular, the 2,662 ETH transfer made via FalconX constitutes the largest portion of the recent acquisition.

Is Arthur Hayes’ Ethereum Investment at a Loss?

Hayes has been regularly accumulating Ethereum (ETH) since July 15. Having purchased a total of 7,213 ETH during this period, the total amount spent by the experienced figure on these investments has reached $13.87 million. Analyses reveal that Hayes’s average purchase cost is $1,923.

However, current market price movements show that Hayes is currently facing a slight loss on paper. According to current data, the famous billionaire is dealing with an unrealized loss of approximately $301,000 on his Ethereum investments. Despite this, Hayes’s wallet movements—characterized by transfers from institutional platforms to his own private wallet—prove that he has not abandoned his accumulation strategy. This determined stance on the Ethereum price is being closely watched by his followers.