Summary
- AmberCN stated that the whale address which bought about $1.24 billion worth of "Ethereum" in the last 8 days is suspected to be owned by BitMine.
- BitMine has shifted from Bitcoin mining to managing a digital asset treasury, focusing on accumulating Ethereum.
- BitMine was recently selected as the overseas stock most purchased by Korean retail investors.
There is a possibility that the whale address which recently purchased Ethereum (ETH) worth $1.24 billion (approximately ₩1.6 trillion) is owned by BitMine, a US-listed digital asset holding company.
On the 12th (KST), AmberCN stated via X (formerly Twitter), "A specific address has accumulated a total of 293,186 Ethereum over the past 8 days through institutions such as FalconX, Galaxy Digital, and BitGo," and added, "Given the large-scale Ethereum accumulation, it is possible that this address belongs to BitMine."
Previously, last week, BitMine had announced its plan to accumulate 317,000 Ethereum.
BitMine has recently shifted from its Bitcoin mining business to operating as a digital asset treasury, with a focus on accumulating Ethereum. Furthermore, it was selected as the overseas stock most purchased by Korean retail investors.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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