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Three Arrows Capital continues to accumulate ETH, the company has purchased Ethereum for over $ 50 million.
The hedge fund manager transferred 14,833 coins from Binance and Coinbase to the company’s wallet, which is worth roughly $ 56 million at today’s prices.
As CryptoPotato reported last week, 3AC transferred over 90,000 ETH to their wallets in two days, worth about $ 400 million at the time.
Interestingly, shortly before this, the CEO of the company announced a change in his attitude towards Ethereum and its native cryptocurrency.
In November, Su Zhu stated that the company “ditched Ethereum despite its support in the past.”
His comments drew a lot of criticism from the crypto community, and he later explained that the word “refuse” was not the most appropriate word and apologized for using it.
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