According to @AltcoinGordon on Twitter, Nasdaq-listed blockchain company BTCS has purchased 3,450 ETH for $8.42 million at an average price of $2,441 per ETH, increasing its total Ethereum holdings to 12,500 ETH. This significant acquisition by a publicly traded firm signals growing institutional confidence in Ethereum, which could impact ETH price sentiment and attract further institutional inflows. Traders should monitor on-chain activity and market responses as large corporate holdings can influence both liquidity and short-term volatility in the crypto market (Source: @AltcoinGordon, May 21, 2025).