BitMine Adds $417 Million in Ethereum to Treasury Amid Market Downturn
Crypto analytics firm Lookonchain, citing Arkham Intelligence data, reported that 104,336 ETH, roughly $417 million at the time of transfer, moved into three newly created wallets.
The transactions originated from two known custodial wallets belonging to Kraken and BitGo.
- 104,336 ETH transferred
- Roughly $417 million at the time of transfer
- Transactions executed in seven separate transfers
BitMine’s Ethereum holdings stood at 3.03 million ETH, valued at roughly $12.2 billion based on market prices then.
This makes BitMine the largest single corporate holder of Ether and the second‑largest overall crypto treasury, behind Michael Saylor’s firm Strategy.
Author's summary: BitMine adds $417 million in Ethereum to its treasury.