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In the past 8 days, an additional 290,000+ ETH has been accumulated by an address suspected to be affiliated with Bitmine.

By: theblockbeats.news|2025/08/12 02:32:02

BlockBeats News, August 12th, according to @EmberCN's analysis, "A certain address cluster has accumulated 293,186 ETH through institutional business platforms such as FalconX, Galaxy Digital, and BitGo in the past 8 days, worth $1.24 billion."

From the current situation, it is highly probable that the address that created ETH through BitGo and then accumulated a large amount belongs to Bitmine.

Bitmine previously announced that it had increased its ETH holdings by 317,000 in the past week, bringing the total holdings to 1.15 million ETH."

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