ChainCatcher message, according to Ember monitoring, the addresses that previously created and hoarded a large amount of ETH through BitGo may belong to Bitmine. These addresses have hoarded 293,186 ETH worth approximately 1.24 billion USD through institutional business platforms such as FalconX, Galaxy Digital, and BitGo in the past 8 days.

According to analysis, the only institution that may match this trading volume is Bitmine. Bitmine has announced that it has increased its holdings by 317,000 ETH in the past week and currently holds 1.15 million ETH.