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Arthur Hayes adds to ETH buying spree, lifting accumulated holdings to 7,212.6 ETH since July 15

Arthur Hayes adds to ETH buying spree, lifting accumulated holdings to 7,212.6 ETH since July 15

On-chain analyst EmberCN said Hayes bought 3,298 ETH for 6.32 million USDC in OTC trades via FalconX and Galaxy Digital, bringing total spending since mid-July to 13.82 million USDC.

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Fact Check
The original EmberCN X post (2081899050325127410) confirms every element of the claim verbatim: 3,298 ETH for 6.32M USDC OTC via FalconX and Galaxy Digital, and cumulative 7,212.6 ETH for 13.82M USDC since July 15 at avg $1,916. BlockBeats flash 358329 accurately relays this. The July 26 odaily report showing an earlier 3,914.84 ETH total is consistent with progressive accumulation. All figures and the attribution to EmberCN match the primary source.
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Summary

Arthur Hayes has sharply expanded his Ether accumulation, with on-chain analyst EmberCN saying he bought 3,298 ETH for 6.32 million USDC through FalconX and Galaxy Digital in over-the-counter trades on July 28. The latest purchase lifted Hayes's reported buying since July 15 to 7,212.6 ETH for 13.82 million USDC, at an average price of about $1,916. The update materially increases the scale of the position previously tracked from smaller FalconX-linked transfers and points to continued buying through major crypto trading counterparties rather than open-market exchange activity.

Terms & Concepts
  • over-the-counter trades: Privately negotiated trades executed outside public exchange order books, often used for larger transactions.
  • on-chain analyst: A researcher who interprets public blockchain transaction data to track wallet activity and market behavior.
  • average price: The mean cost paid per asset unit across multiple purchases.