{"id":22555,"date":"2026-02-23T09:35:52","date_gmt":"2026-02-23T09:35:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-advocate-erik-voorhees-makes-major-ethereum-comeback\/"},"modified":"2026-02-23T09:36:26","modified_gmt":"2026-02-23T09:36:26","slug":"bitcoin-advocate-erik-voorhees-makes-major-ethereum-comeback","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-advocate-erik-voorhees-makes-major-ethereum-comeback\/","title":{"rendered":"Bitcoin advocate Erik Voorhees makes major Ethereum comeback"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Veteran crypto advocate Erik Voorhees, an early supporter of Bitcoin and founder of ShapeShift, has repurchased a significant amount of Ethereum after selling a large stake roughly one year ago, according to on-chain data shared by analytics account Lookonchain.<\/p>\n<div id=\"cn-block-summary-block_54b4792bfe3aafb928880dfc60f67b07\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Erik Voorhees repurchased 9,911 ETH for $20.38 million at an average price of $2,057, according to on-chain data shared by Lookonchain.<\/li>\n<li>Roughly a year earlier, he sold 11,616 ETH for $33.94 million at around $2,922, effectively buying back at about a 30% lower price.<\/li>\n<li>The move follows his recent diversification into tokenized gold, signaling a broader strategy of tactical timing and portfolio hedging.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Erik Voorhees buys back $20M in Ethereum after last year\u2019s sale<\/h2>\n<p>In a widely circulated <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/2025844457544008116\" target=\"_blank\" rel=\"nofollow\">tweet<\/a>, Lookonchain reported that Voorhees spent 20.38 million USDC to acquire 9,911 Ethereum (ETH) at an average price of about $2,057. <\/p>\n<p>About a year earlier, he had sold 11,616 ETH for roughly $33.94 million when the price was near $2,922.<\/p>\n<p>The move suggests tactical timing. His prior sale at nearly $2,922 per ETH brought in about $33.94 million, while the recent repurchase cost $20.38 million, allowing him to reaccumulate a large position at a roughly 30% lower price.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The transaction also marks a notable return to Ethereum for Voorhees, who has built his reputation as one of crypto\u2019s long-standing figures. Active in the space since at least 2011, he became a vocal Bitcoin proponent, championing BTC as \u201cdigital gold\u201d and helping shape early crypto adoption.<\/p>\n<p>Voorhees has also drawn attention recently for diversifying into other assets outside Bitcoin and ETH, including millions worth of tokenized gold. On-chain data shows he spent around $6.8 million in USDC to buy 1,382 ounces of PAXG, a gold-backed token, underscoring a broader strategy of hedging against market volatility with traditional safe-haven assets.<\/p>\n<p>The ETH buyback could reflect renewed confidence in Ethereum despite price volatility and macro uncertainty. Buying near $2,057 at a lower entry point than his prior sale signals long-term accumulation rather than short-term trading.<\/p>\n<p>Voorhees\u2019 actions highlight a continuing theme among experienced crypto investors: balancing digital asset exposure with strategic diversification amid shifting market conditions.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Veteran crypto advocate Erik Voorhees, an early supporter of Bitcoin and founder of ShapeShift, has repurchased a significant amount of Ethereum after selling a large stake roughly one year ago,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22555"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22555\/revisions"}],"predecessor-version":[{"id":22556,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22555\/revisions\/22556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/115"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}