Mike Novogratz Foundation bought Ethereum for $75 million

According to Trustnode, billionaire Mike Novogratz's fund called the Institutional Ethereum Fund bought the cryptocurrency Ethereum for $75.6 million.

The purchase was made by 21 of the fund's investors, each of whom invested at least $100,000 in the transaction. All funds were invested directly in Ethereum at a price based on the Bloomberg Galaxy Ethereum Index. Gemini Exchange acted as the custodian.

Trustnode believes one of the 21 investors could be Goldman Sachs Bank.