Overview

• BitMine’s on-chain holdings topped about 1.15 million ETH after a 28,650 ETH transfer from Galaxy Digital into BitGo custody on Aug. 15.
• The company’s SEC filing shows an expanded at-the-market equity program boosted to $24.5 billion to finance further ETH acquisitions.
• According to Lookonchain, BitMine made an uncorroborated additional purchase of roughly 106,485 ETH, bringing its total to about 1.297 million ETH.
• Ethereum’s validator queues have swelled to 355,919 ETH on entry and 831,056 ETH on exit, creating waits of about six and 14 days respectively.
• Retail and institutional investors, including ARK Invest and South Korean retail traders, have directed billions into BitMine shares as its ETH buildup accelerates.