$ETH BitMine Receives Another 15,427 ETH from Galaxy Digital

In the past 7–8 hours, BitMine (@BitMNR) received 15,427 $ETH (≈ $68.98M) from Galaxy Digital’s OTC desk, spread across four large transfers. Following this move, BitMine’s total Ethereum holdings have reached 2,141,445 $ETH, valued at around $9.57B.

This accumulation reflects a clear, consistent pattern from BitMine, who has been steadily increasing exposure to ETH through Galaxy in recent weeks. Such OTC transfers are significant as they reduce direct market pressure, indicating deliberate accumulation strategies rather than short-term trading activity.

From a broader perspective, these flows highlight how institutions and major players continue to back Ethereum, even as it trades near local highs. The confidence in ETH’s role as the backbone of DeFi, staking, and future scaling solutions makes these inflows worth watching closely.

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