PANews reported on October 18th that on-chain analyst Yu Jin has detected that three new wallets suspected to belong to Bitmine have received 72,898 ETH ($279 million) from FalconX and BitGo over the past five hours, a pattern consistent with Bitmine's previous ETH receiving patterns. Bitmine has likely accumulated 203,433 ETH ($800 million) this week, at an average price of approximately $3,935. These coins originated from various sources, including CEXs, market makers, and ETFs, then flowed into OTC institutions like FalconX and BitGo, before ultimately reaching Bitmine addresses.PANews reported on October 18th that on-chain analyst Yu Jin has detected that three new wallets suspected to belong to Bitmine have received 72,898 ETH ($279 million) from FalconX and BitGo over the past five hours, a pattern consistent with Bitmine's previous ETH receiving patterns. Bitmine has likely accumulated 203,433 ETH ($800 million) this week, at an average price of approximately $3,935. These coins originated from various sources, including CEXs, market makers, and ETFs, then flowed into OTC institutions like FalconX and BitGo, before ultimately reaching Bitmine addresses.
Bitmine has increased its holdings of ETH by $279 million in the past five hours, bringing its total holdings to 203,000 ETH this week.
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PANews reported on October 18th that on-chain analyst Yu Jin has detected that three new wallets suspected to belong to Bitmine have received 72,898 ETH ($279 million) from FalconX and BitGo over the past five hours, a pattern consistent with Bitmine's previous ETH receiving patterns. Bitmine has likely accumulated 203,433 ETH ($800 million) this week, at an average price of approximately $3,935. These coins originated from various sources, including CEXs, market makers, and ETFs, then flowed into OTC institutions like FalconX and BitGo, before ultimately reaching Bitmine addresses.
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