Analysis: Addresses created through BitGo and hoarding ETH in large quantities may belong to Bitmine
2025-08-12 01:58:14
According to Ember Monitoring, addresses that have previously created and hoarded large amounts of ETH through BitGo may belong to Bitmine. These addresses have hoarded 293,186 ETH, worth about $1.24 billion, in the last 8 days through institutional business platforms such as FalconX, Galaxy Digital, and BitGo. According to the analysis, the only institution that can match this transaction level may be Bitmine. Bitmine has announced that it has increased its holdings of 317,000 ETH in the past week, and now has 1.15 million ETH.
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