BitMine Buys Another 20,000 ETH From Kraken, Closing In on Its 5% Supply Goal
Ethereum
On-chain records show a Kraken hot wallet sent 20,000 ETH, worth about $48.89 million, to a wallet linked to BitMine Immersion Technologies early Wednesday. A much smaller transfer, 0.01 ETH worth about $24.69, moved through the same wallet roughly seven hours earlier. Traders commonly send a dust-sized test transaction ahead of a large one to confirm a wallet address before committing real size, and the timing here fits that pattern. The latest accumulation also follows a separate BitMine-linked wallet pulling in 13,000 ETH from BitGo on August 11, 2026, highlighting the company's continued activity in the Ethereum market.
ETH
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