Bitmine Linked to Another 100,000 ETH Transfer Worth About $233.7 Million

Source
Suehyeon Lee

Summary

  • Lookonchain said three new wallets believed to be tied to Bitmine received about 100,000 ETH worth roughly $233.7 million from BitGo.
  • The market is leaning toward the possibility of additional buying, even though the wallets have not been directly confirmed as connected to Bitmine.
  • Bitmine currently holds about 4.976 million ETH, and if the latest tokens are included, its total holdings would climb above 5 million ETH.

Forecast Trend Report by Period

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Photo: Lookonchain
Photo: Lookonchain

Signs have emerged that Bitmine, which has been accumulating Ethereum on a large scale, may have made another purchase.

Lookonchain said on April 23 that three new wallet addresses believed to be tied to Bitmine recently received about 100,000 ETH, worth roughly $233.7 million, from custodian BitGo.

The wallets have not been officially confirmed as directly linked to Bitmine. Still, the market is viewing the transfers as a sign of additional buying.

Bitmine is known to hold about 4.976 million ETH. If the latest transfer is included in that total, its holdings would exceed 5 million ETH.

Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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