PANews August 12 reports that, according to Ember Monitoring, recent addresses that created and hoarded a large amount of ETH through BitGo are suspected to belong to Bitmine. In the past 8 days, these addresses have accumulated a total of 293,186 ETH through platforms such as FalconX, Galaxy Digital, and BitGo, valued at approximately $1.24 billion. Bitmine previously announced an increase of 317,000 ETH within a week, bringing its total holdings to 1.15 million ETH.