Bitmine appears to have increased its ETH holdings by nearly $200 million.

CoinFeed reported on May 16th that, according to on-chain analyst Ember, after ETH fell to around $2,200, Ethereum treasury company Bitmine (BMNR) may have continued to significantly increase its ETH holdings. One hour ago, 89,026 ETH ($198 million) were withdrawn from Kraken and FalconX to four wallets that may belong to Bitmine. Previous reports indicated that these four wallets withdrew over 89,000 ETH, worth nearly $200 million, from FalconX and Kraken.