Arthur Hayes Buys $6.39M More Ether, 7,213 ETH Total
Hayes purchased 3,298 ETH for $6.39 million, raising his July holdings to 7,213 ETH. The position is about $301,000 underwater at an average entry of $1,923 per ETH.
Arthur Hayes, chief investment officer of the family office Maelstrom and former BitMEX CEO, bought 3,298 ether (ETH) for $6.39 million. The trade raised his July total to 7,213 ETH at an average price of $1,923 per token. At prices near $1,900, that holding is about $301,000 underwater.
Wallet-tracking services flagged the transaction shortly after execution and linked it to a wallet associated with Hayes. The $6.39 million purchase followed earlier July acquisitions that included a 646 ETH over-the-counter trade with Galaxy Digital and a separate 1,293 ETH buy.
In June, a wallet tied to Hayes sold 6,000 ETH for roughly $10.14 million at an average price near $1,690, realizing an estimated $606,000 loss on ETH accumulated weeks earlier at an average near $1,793. In August 2025, a wallet linked to him sold about $13.35 million in crypto, including 2,373 ETH, citing concerns over a proposed U.S. tariff bill.
In an April note, he wrote that rising credit creation and coordination between fiscal and monetary authorities would push asset prices higher and added, ‘That’s why I believe bitcoin is going higher.’ He has applied similar liquidity arguments to ether and treated some price pullbacks as buying opportunities.
Ether traded near $1,900 on July 28, up about 20% for the month and down roughly 49% from a year earlier. Institutional demand increased during the week of July 20-24, when ether exchange-traded funds recorded inflows of $103.90 million compared with $33.79 million into bitcoin funds.
Hayes’ July purchases bring his documented accumulation since July 15 to 7,213 ETH. Maelstrom provides little public detail about its holdings, so on-chain wallet activity remains a primary source for tracking its trades.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
