Summary
- It reported that Bitmain bought an additional 7,660 ETH(about $29.54 million) from Galaxy Digital.
- This week Bitmain is understood to have accumulated a total of 112,960 ETH(about $443 million) through multiple exchanges and OTC desks.
- Bitmain also added 77,055 ETH(about $320 million) last week, increasing its holdings to over 3.3 million.
Bitmain appears to have bought additional Ethereum from Galaxy Digital.
On the 1st (local time), according to OnChainLens, Bitmain bought 7,660 ETH(about $29.54 million) from Galaxy Digital. This is interpreted as an extension of the recent large-scale cumulative accumulation flow through institutional exchanges and OTC desks.
Thus, Bitmain is understood to have additionally accumulated a total of 112,960 ETH(about $443 million) this week through BitGo, FalconX, Kraken, and Galaxy Digital. Earlier, Bitmain also additionally bought 77,055 ETH(about $320 million) last week, increasing its holdings to over 3.3 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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