#EthereumMemeSeasonReturns


Bitmine Adds Load, Buys 100,000 ETH Worth $233 Million

Cryptocurrency investment firm led by Tom Lee, Bitmine, is suspected of adding to its Ethereum holdings again in large amounts.
On-chain data shows that three new wallets, likely linked to Bitmine, received around 100,000 ETH valued at approximately $233.7 million.
The funds are known to originate from BitGo, one of the digital asset custody service providers.
This movement indicates a potential continued accumulation by Bitmine, which has previously been active in buying and staking ETH.
The use of several new wallets could also be a strategy to manage asset distribution or enhance storage security.
With such a large amount, this transaction could impact Ethereum market liquidity.
This move reinforces the signal that institutions still see long-term opportunities in ETH.

$ETH
ETH-3,74%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
ybaser
· 4h ago
Buy To Earn 💰️
Reply0
ShainingMoon
· 6h ago
To The Moon 🌕
Reply0
ShainingMoon
· 6h ago
To The Moon 🌕
Reply0
ShainingMoon
· 6h ago
2026 GOGOGO 👊
Reply0
  • Pin