According to on-chain analyst Ember Monitoring, it spent $25.33 million to buy a whale that had hoarded 8,010 ETH at $3,163 last September, and chose to clear it at a loss after holding it for 5 months: 8 hours ago, it sold all 8,074 ETH at $2,427 for 19.60 million USDC, losing $5.73 million. If the whale had bought BTC instead of ETH last year, it would now be $7.45 million.