ETH whales suspected to belong to Bitmine have accumulated nearly 300,000 ETH in the past 8 days, equivalent to about 1.24 billion USD.
New addresses accumulating ETH through BitGo have been continuously discovered, gathering a total of 293,186 ETH through major trading platforms such as FalconX, Galaxy Digital, and BitGo.
MAIN CONTENT
New addresses suspected to belong to Bitmine have accumulated 293,186 ETH in 8 days.
The estimated value of accumulated ETH reaches about 1.24 billion USD.
Bitmine has announced an increase in its ETH holdings to 1.15 million ETH.
Who are the suspected ETH holding addresses of Bitmine?
The new addresses monitored by Ember are suspected to belong to Bitmine – a major organization in the cryptocurrency field.
Through transaction analysis, these addresses have continuously accumulated ETH through the BitGo platform, indicating a large and organized accumulation strategy. The use of BitGo, FalconX, and Galaxy Digital is a testament to the credibility and safety in asset management, while also reinforcing the authenticity of these addresses.
How has the recent ETH accumulation volume been?
In the past eight days, the total volume of ETH collected by suspected Bitmine addresses has reached 293,186 ETH.
Valued at approximately 1.24 billion USD at current market prices, this reflects Bitmine's strong move to enhance its asset position. This is a significant amount of ETH, reflecting long-term plans and confidence in Ethereum's development.
“Increasing the ETH holdings to over one million confirms Bitmine's strong position in the cryptocurrency market and demonstrates a cautious and deep asset accumulation strategy.”
Quote from Ember market analyst, August 2024
What does Bitmine announce about its current ETH amount?
Bitmine announced an increase in its total ETH holdings to 1.15 million ETH after adding an additional 317,000 ETH in one week.
This milestone illustrates Bitmine’s commitment to expanding its Ethereum holdings as a core asset. This scale of accumulation positions Bitmine among the most prominent ETH holders globally, impacting market liquidity and investor sentiment.
What does accumulating ETH through platforms like BitGo mean?
Using professional platforms like BitGo, FalconX, or Galaxy Digital ensures security and transparency for large ETH accumulation transactions.
These platforms are highly reputable in the cryptocurrency market, helping Bitmine manage wallet operations well and protect assets from security risks, while facilitating cross-border transactions.
What are the potential impacts of Bitmine continuously accumulating ETH?
Bitmine's large ETH accumulation could impact liquidity and price volatility in the Ethereum market in the medium term.
When a large organization like Bitmine increases its holdings, it can create higher demand pressure, driving up prices. At the same time, this move also reflects confidence in the growth potential of Ethereum in the global cryptocurrency ecosystem.
Is there a comparison table of Bitmine's ETH and other major organizations?
Organization ETH held Update time Bitmine 1.15 million ETH August 2024 Other large ETH whales Information not publicly disclosed —
Frequently Asked Questions
Who is Bitmine in the cryptocurrency market?
Bitmine is a large cryptocurrency investment and accumulation organization, notable for holding millions of ETH, significantly impacting the market.
What are the advantages of accumulating ETH through BitGo?
BitGo provides high safety, transparency, and professionalism, helping the organization effectively manage and protect large amounts of ETH.
What does accumulating 300,000 ETH in 8 days mean for the market?
This move reflects the organization's confidence in ETH and could impact price increases due to strong demand.
How much ETH does Bitmine currently hold?
Bitmine owns approximately 1.15 million ETH, significantly enhancing its position in the cryptocurrency market.
Which platforms are involved in Bitmine's ETH accumulation?
Bitmine accumulates ETH through reputable platforms like BitGo, FalconX, and Galaxy Digital, ensuring transparency and security.
Source: https://tintucbitcoin.com/eth-bitmine-nghi-ngo-tich-tru-293k-eth/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!
