Bitmine Adds Another 13,000 ETH, On-Chain Data Shows

BitcoinWorld Bitmine Adds Another 13,000 ETH, On-Chain Data Shows Bitmine, an Ethereum-focused accumulation firm, has reportedly moved another 13,000 ETH from the crypto custody provider BitGo, according to on-chain analysis account EmberCN.

The transfer, detected through blockchain tracking, suggests the firm continues to build its Ethereum holdings despite recent market fluctuations. What the On-Chain Data Shows EmberCN, a well-known on-chain analytics account, flagged the transaction on social media.

The transfer of 13,000 ETH—worth roughly $45 million at current prices—was moved out of BitGo, a major digital asset custodian. While Bitmine has not publicly commented on the transfer, the pattern aligns with its established strategy of accumulating Ethereum over time.

This is not the first time Bitmine has been linked to large ETH purchases. Previous on-chain observations have noted similar transfers, indicating a consistent accumulation approach.