4-9-2025 – Blockchain analyst Yu Jin has disclosed that Bitmine (BMNR) has acquired 80,325 ETH, valued at approximately $358 million, transferred from Galaxy Digital and FalconX in the past hour. This move aligns with Bitmine’s ongoing strategy to expand its Ethereum reserves amid a volatile market.
As of August 31, Bitmine’s holdings stood at 1,866,974 ETH. The fresh influx pushes the total to around 1,947,299 ETH, now valued at roughly $8.69 billion based on current prices. The transfers, first reported by Yu Jin via on-chain analysis, highlight Bitmine’s aggressive accumulation in Ethereum, potentially signaling confidence in the asset’s long-term value despite recent price fluctuations.
This development underscores the active role of institutional players like Galaxy Digital and FalconX in facilitating large-scale crypto movements.Â
