According to COINOTAG News on December 23, Lookonchain monitoring shows a BitMine-linked address acquiring 29,462 ETH sourced from BitGo and Kraken, valued at about $88.1 million based on current pricing. The transaction underscores sustained on‑chain liquidity activity tied to BitMine, highlighting strategic accumulation within the Ethereum ecosystem and broader institutional crypto balance‑sheet flow.

COINOTAG also reported last week that BitMine increased its ETH holdings by 98,852 ETH, lifting the total to 4,066,062 ETH. This on‑chain development signals sustained exposure by a major holder and provides a tangible data point for market observers tracking Ethereum demand and liquidity dynamics among large crypto repositories.