Overview
- On-chain analysts at Lookonchain, using Arkham data, attributed a 27,316 ETH transfer via a BitGo-linked wallet to BitMine, a transaction the company has not separately confirmed.
- BitMine’s holdings stand near 3.31 million ETH worth about $13.3 billion, representing roughly 2.8% of Ethereum’s circulating supply.
- The company remains the largest corporate holder of Ethereum and the second-largest corporate crypto treasury overall after MicroStrategy’s Bitcoin position.
- Chairman Tom Lee says the accelerated accumulation reflects improving macro conditions and a turn in crypto technicals following October’s market shakeout.
- Ethereum trades around $4,000 after a brief pullback this week, with market watchers eyeing resistance near the $4,250 to $4,300 range.