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Well-known institution 7 Siblings has recently become an important participant in the Ethereum ecosystem. Data shows that the institution currently holds 252,000 ETH, with a total valuation exceeding $800 million, ranking among the top five institutional holdings and even surpassing the Ethereum Foundation's holdings.
Interestingly, this position was not built overnight. Since October last year, 7 Siblings has been continuously accumulating ETH, with a total of 48,588.72 ETH acquired, an average cost of about $3,479 per ETH, and a total investment of up to $169 million. This steady, incremental accumulation strategy reflects the institution's ongoing confidence in the long-term development of the Ethereum ecosystem.