The address that has accumulated over 293,000 ETH in the past 8 days is suspected to belong to Bitmine

Ember's monitoring reveals that addresses recently created and accumulating large amounts of ETH through BitGo are suspected to belong to Bitmine. Over the past eight days, these addresses have accumulated a total of 293,186 ETH, valued at approximately $1.24 billion, through platforms such as FalconX, Galaxy Digital, and BitGo. Bitmine previously announced that it had increased its holdings by 317,000 ETH within a week, bringing its total holdings to 1.15 million.