Bitmine Likely Withdrew 25,369 ETH ($107M) from FalconX — Ethereum Holdings Reportedly Remain Intact

EmberCN on-chain monitoring reports that flagship Ethereum holder Bitmine maintained its position after a large movement earlier today: a newly observed address withdrew 25,369 ETH from FalconX roughly two hours ago, valued at about $107 million. The transaction was identified through public ledger analysis and logged without indication of immediate on-exchange liquidation.

From a custody and accumulation perspective, attribution to Bitmine is noted but remains unconfirmed; the pattern aligns with prior accumulation behavior observed by institutional wallets. Market participants tracking Ethereum liquidity and institutional flows should treat the report as verified chain activity while awaiting direct confirmation from the entities involved.