BitMine-Linked Wallets Receive 89,026 Ether in Fresh Accumulation Sign
Suehyeon Lee
Summary
- Lookonchain said four new wallets believed to be linked to BitMine received a combined 89,026 ETH from Kraken and FalconX.
- The transfers were worth about $197.64 million at current prices and appear to be a continuation of recent large-scale Ether (ETH) accumulation.
- BitMine had previously said it would slow the pace of its Ether purchases while still targeting 5%% of Ether’s circulating supply by year-end.
Forecast Trend Report by Period
BitMine appears to have added to its Ether holdings in another large purchase.
On-chain analytics platform Lookonchain said May 17 that four new wallets believed to be tied to BitMine received a combined 89,026 ETH from Kraken and FalconX. At current prices, the transfers were worth about $197.64 million.
The new wallets appear to be connected to BitMine, Lookonchain wrote, describing the transfers as a continuation of the company’s recent large-scale Ether accumulation.
BitMine had previously said it would slow the pace of its Ether purchases. Even so, the company has also said it aims to secure 5% of Ether’s total circulating supply by year-end.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
