BitMine Wallets Receive Another 89,026 ETH, Lookonchain Says
Summary
- According to on-chain analytics platform Lookonchain, four new wallets linked to BitMine received a total of 89,026 ETH from Kraken and FalconX.
- The transfers were worth about $197.64 million at current prices and appear to be part of the recent trend of large-scale Ether (ETH) accumulation, Lookonchain said.
- BitMine had previously said it would slow the pace of its Ether purchases while still targeting 5%% of Ethereum's circulating supply by year-end.
Forecast Trend Report by Period
BitMine appears to have accumulated another large batch of Ether.
Lookonchain said on May 17 that four newly created wallets believed to be linked to BitMine received a total of 89,026 ETH from Kraken and FalconX. The holdings are worth about $197.64 million at current prices.
The on-chain analytics platform said the new wallets appear to be connected to BitMine and part of the company's recent wave of large-scale Ether accumulation.
BitMine had previously said it would slow the pace of its Ether purchases while still aiming to secure 5% of Ethereum's circulating supply by the end of the year.
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