Three Arrows Capital CEO Zhu Su, who was on the agenda by saying he left Ethereum, later stated that he changed his mind by making a u-turn.
Three Arrows Capital, which appeared to purchase Ethereum after the sharp and sudden decline in the crypto money market in early December, continues its ETH purchases.
Chinese journalist Colin Wu announced on his twitter account that Three Arrows Capital, which did not have a good history with Ethereum, bought 14,833 Ethereum worth $ 56 million.
According to etherscan, Three Arrows Capital transferred a total of 14,833 ETH (approximately USD 56M) from Binance and Coinbase to its wallet (0x4862733b5fddfd35f35ea8ccf08f5045e57388b3) 2 hours ago. https://t.co/5JudXXZCI7 pic.twitter.com/tjRHbXRKN0
— Wu Blockchain (@WuBlockchain) December 14, 2021
According to data from Etherscan, crypto hedge fund Three Arrows Capital has transferred these ETHs to Binance and Coinbase wallets.
With the last ETH purchase, the company has doubled its ETH savings since December.
Zhu Su, CEO of Three Arrows Capital, stated that his opinion about Ethereum did not change after it was revealed that they were buying ETH, but that they will continue to buy Ethereum as corrections such as the declines in early December continue to come, “We will buy “insignificant and more” ETH in the future.” he said.
*Not investment advice.