Suspected BitMine Accumulates 33,401 ETH — Continued Large-Scale Buy Signal

I note that addresses suspected to belong to BitMine purchased 33,401 ETH today, roughly $158 million, primarily via institutional platforms.

These 13 addresses have accumulated about 379,000 ETH (≈$1.8 billion) since August 4, with flows from FalconX, Galaxy Digital and BitGo, signaling continued large-scale accumulation.

I view this as a bullish on-chain development that tightens available spot supply, though concentration risk and unclear intent mean price impact and timing are uncertain.