Bitmine Transfers $124 Million Ethereum to New Wallets

Bitmine has executed a substantial transfer of 27,792 ETH, valued at approximately $124.88 million, from FalconX to newly created wallets. This move signifies a significant increase in Bitmine’s Ethereum holdings, now totaling 58,215 ETH worth over $261.58 million. The transaction sparked attention within the cryptocurrency market as it highlighted potentially impactful shifts in Ethereum market dynamics.