According to COINOTAG News on August 28 and on-chain analyst Yu Jin, BitMine (ticker BMNR) received 42,867 ETH—approximately $198 million—from FalconX within a 13‑hour window. The on‑chain report indicates BitMine executed cumulative purchases of 179,474 ETH this week, representing about $810 million in gross acquisition value.
Those transactions elevate BitMine’s reported ETH reserves to 1.893 million tokens, roughly $8.56 billion, with an average acquisition price near $3,875 per ETH, as documented by on‑chain data. These verifiable on‑chain flows offer concrete inputs for institutional accumulation and treasury exposure analyses without introducing unverified conjecture.