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Bitmine Reportedly Increases ETH Holdings by Nearly $200 Million

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On May 16, according to on-chain analyst Ember, after ETH fell to around $2,200, Ethereum treasury company Bitmine (BMNR) may be continuing to massively increase its holdings of ETH. 1 hour ago, 89,026 ETH ($198 million) were withdrawn from Kraken and FalconX to 4 wallets that may belong to Bitmine. Previous news stated that 4 wallets withdrew over 89,000 ETH from FalconX and Kraken, worth nearly $200 million.
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