Summary
- Reports said Erik Voorhees recently repurchased Ethereum (ETH).
- He said he deployed 20.38 million USDC to buy 9,911 Ethereum at an average price of $2,057.
- A year ago, he sold 11,616 Ethereum at an average price of $2,922, and said the average purchase price in this buyback was lower than his previous selling price.
Erik Voorhees, an early Bitcoin (BTC) advocate and the founder of ShapeShift, has recently repurchased Ethereum (ETH).
According to Lookonchain, an on-chain data analytics account, Voorhees recently deployed 20.38 million USDC to buy 9,911 Ethereum at an average price of $2,057.
Previously, he sold 11,616 Ethereum about a year ago at an average price of $2,922. The sale totaled roughly $33.94 million.
This buyback is smaller than the amount he sold previously, but the average purchase price is lower than his prior selling price.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
