Bitmine Adds 25,000 ETH via BitGo in $47.98 Million Purchase

News Editor

2026-06-03 01:45:40

On-chain monitoring shows a Bitmine address continued to accumulate 25,000 ETH through BitGo early this morning, worth approximately $47.98 million.

BitmineEthereumETHBitGowhale accumulationon-chain data

According to Odaily Planet Daily, on-chain analyst Yu Ember has detected that a Bitmine-associated address (0x873...3bB9) continued to accumulate 25,000 ETH through the digital asset custody platform BitGo in the early hours of today. Based on market prices at the time, the transaction was valued at approximately $47.98 million. The address has made similar purchases previously, indicating a sustained accumulation trend.

Ethereum (ETH) is the second-largest cryptocurrency by market capitalization after Bitcoin, while BitGo is a well-known institutional-grade custody provider. This latest move further underscores large entities' ongoing interest in adding crypto assets to their portfolios.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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