BitMine Linked Wallets Add 75,000 ETH Worth $122 Million
Summary
- According to OnchainLens, three new wallets received a total of 75,000 ETH from Kraken and FalconX.
- BitMine said it recently bought an additional 127,000 ETH, bringing its total holdings to more than 5.54 million ETH.
- BitMine is pursuing its "Alchemy of 5%%" strategy aimed at securing 5%% of Ethereum's total supply, and has reached about 92%% of that goal.
Forecast Trend Report by Period
Wallets believed to be tied to Ethereum treasury company BitMine added another large batch of Ether.
On-chain analytics platform OnchainLens said June 9 that three newly created wallets received a combined 75,000 ETH from cryptocurrency exchange Kraken and institutional trading platform FalconX. The holdings are worth about $122 million at current prices.
OnchainLens said the transfers were likely linked to BitMine.
BitMine previously said it had recently purchased about 127,000 additional ETH, bringing its total holdings to more than 5.54 million ETH. That equals about 4.59% of Ethereum's circulating supply.
The company is pursuing its "Alchemy of 5%" strategy, which targets ownership of 5% of Ethereum's total supply. It has reached about 92% of that goal.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
