# Arthur Hayes Ethereum transactions > Live situation record from CLSTR: https://clstr.news/situations/arthur-hayes-ethereum-transactions > Updated: 2026-08-02T07:29:34.000Z. Sources: 5. Developments: 2. 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. ## Timeline ### 2026-08-02: Arthur Hayes sells 2,364 ETH at a $241,000 loss, converts to USDC BitMEX co‑founder Arthur Hayes sold 2,364 ETH to Cumberland and Galaxy Digital, receiving $4.3 M USDC and incurring a $241 k loss as ETH hovered around $1,900. 2 sources. https://clstr.news/cluster/arthur-hayes-sells-2364-eth-at-a-241000-loss-converts-to-usdc ### 2026-07-24: Arthur Hayes' $3.75M Ethereum Purchases Signal Institutional Confidence Arthur Hayes bought about 3,270 ETH (~$6.3 M) in eight days, while a dormant wallet purchased 27,000 ETH (~$52 M) via Galaxy Digital, underscoring rising institutional confidence in Ethereum. 3 sources. https://clstr.news/cluster/arthur-hayes-375m-ethereum-purchases-signal-institutional-confidence --- Cite as: Arthur Hayes Ethereum transactions. CLSTR, https://clstr.news/situations/arthur-hayes-ethereum-transactions