Arthur Hayes Ethereum transactions

In late July 2026, Arthur Hayes, co‑founder of BitMEX, significantly increased his Ethereum holdings, buying a total of about 3,270 ETH (roughly $6.3 million) through FalconX and Galaxy Digital’s OTC desk. The purchases, made at an average price near $1,917 per ETH, were interpreted as a sign of growing institutional confidence in the network. At the same time, on‑chain analysis flagged a previously dormant wallet that resumed activity, acquiring 27,000 ETH (about $52 million) via Galaxy Digital, further underscoring strong demand.

By early August 2026, Hayes reversed part of that position, moving 2,364 ETH to market makers Cumberland and Galaxy Digital and converting the proceeds into roughly $4.3 million USDC. The sale, executed at an average price of $1,821 per ETH, resulted in an estimated $241,000 loss, roughly 5 % of the original purchase price. In addition to the ETH trade, Hayes liquidated altcoins SYN and ENA for a combined $906,000. The transactions occurred as Ethereum’s price hovered near $1,900 after a modest dip, suggesting a shift from accumulation to liquidity provision and stable‑coin conversion.