Shenchao TechFlow news, on August 12, according to analyst Yu Jin's monitoring, addresses that previously created and amassed a large amount of ETH through BitGo may belong to Bitmine. These addresses have accumulated 293,186 ETH worth approximately 1.24 billion USD through institutional business platforms such as FalconX, Galaxy Digital, and BitGo in the last 8 days. According to the analysis, currently, the only institution that can match this trading volume may be Bitmine. Bitmine has announced that it has increased its holdings by 317,000 ETH in the past week, and currently has 1.15 million ETH.