Investment Company Makes a Similar Transaction Every Month: Sent $20 Million in Ethereum

Investment firm Paradigm Capital sent tens of millions of dollars of Ethereum (ETH) to a wallet owned by Anchorage Digital.

According to data from blockchain analysis firm Arkham, the transaction was carried out at 01.37 on June 22.

Sent thousands of Ethereum

According to transaction records, Paradigm Capital transferred 5,817 Ethereum (ETH) to Anchorage's wallet. At the time of the transaction, they were valued at $20.49 million.

Anchorage Digital, based in San Francisco, provides custody services for cryptocurrencies to corporate companies. The company, which received investments from names such as Andreessen Horowitz, Goldman Sachs and Visa, achieved a valuation of more than $ 3 billion.

Transactions every month

According to blockchain records, Paradigm deposits Ethereum into its account in Anchorage once a month every month. The previous transaction was made last month and 4 thousand 535 Ethereum was sent to the Anchorage account.

According to Arkham records, Paradigm Capital has a total of $408.3 million worth of cryptocurrencies in its wallet. 255 million dollars of this is Ethereum and 153 million dollars is Lido DAO (LDO) token.

Paradigm Capital's sending of Ethereum to a custodian may indicate that the company expects an increase in price.

According to CoinGecko data, Ethereum lost 0.1% on a daily basis and is trading just above $3,490.