After $10M Purchase, 7 Siblings Secure Additional Funds for ETH Accumulation

The group known as the 7 Siblings has further increased its exposure to Ethereum after securing an additional 20 million USDT loan from Spark, extending its ongoing strategy of buying during market downturns.

This latest move follows closely on the heels of another transaction just hours earlier, in which the group borrowed 10 million USDT and used it to acquire 5,589 ETH at $1,789 per coin, adding to its existing holdings.

Of the newly obtained 20 million USDT, 4 million has already been used to purchase 2,254 ETH, while the remaining 16 million USDT is still available for future purchases.

Source: Lookonchain