Analysis: Addresses Created and Heavily Accumulating ETH via BitGo May Belong to Bitmine
According to Jinse Finance, Ember monitoring indicates that the addresses previously created via BitGo and used to accumulate large amounts of ETH may belong to Bitmine. Over the past eight days, these addresses have accumulated 293,186 ETH, worth approximately $1.24 billion, through institutional platforms such as exchanges. Analysis suggests that Bitmine may be the only institution capable of matching this transaction volume. Bitmine previously announced that it had increased its ETH holdings by 317,000 over the past week, bringing its total to 1.15 million ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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