TechFlow news, August 12 — according to analyst Yu Jin's monitoring, addresses that previously created and accumulated large amounts of ETH via BitGo may belong to Bitmine. These addresses have accumulated 293,186 ETH worth approximately $1.24 billion over the past eight days through institutional platforms such as FalconX, Galaxy Digital, and BitGo. Analysis suggests that currently only Bitmine matches this transaction scale. Bitmine previously announced it had increased its holdings by 317,000 ETH in the past week, bringing its total to 1.15 million ETH.
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