Analysis: The addresses that create and accumulate a large amount of ETH through BitGo may belong to Bitmine.

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According to Jinse Finance, monitoring by Yu Jin indicates that addresses that previously created and hoarded ETH through BitGo may belong to Bitmine. These addresses have accumulated 293,186 ETH through institutional platforms such as FalconX, Galaxy Digital, and BitGo in the last 8 days, worth approximately $1.24 billion. According to analysis, the only institution currently capable of matching this trading volume may be Bitmine. Bitmine has announced that it has increased its holdings by 317,000 ETH in the past week and currently holds 1.15 million ETH.

ETH2.92%
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