ShapeShift Founder Erik Voorhees Doubles Down on Ethereum with $49M Purchase

ShapeShift founder Erik Voorhees resumes Ethereum accumulation, spending about $49 million for 23,393 ETH as ETH trades above $2,200.

Rich by Coin

2026-03-16

ShapeShift founder and Bitcoin pioneer Erik Voorhees is continuing his Ethereum buying spree after restarting purchases following a year-long break, according to on-chain data tracked by Lookonchain. The data show Voorhees spent about $49 million to acquire 23,393 ETH on Sunday.

The activity was linked to wallets believed to be controlled by Erik Voorhees and labeled as such by Arkham Intelligence. The latest transfers came as ETH surpassed $2,200, representing a 7% increase in the last 24 hours, according to CoinMarketCap.

The transactions underscore Voorhees’s ongoing Ethereum accumulation strategy amid a broader market uptick. It reflects continued interest in ETH from high-profile investors.