Bitmine Ethereum Transfer of 46,255 ETH Boosts Holdings to $9.24B
Bitmine, the company trying to build a big Ethereum treasury, just received a fresh transfer of 46,255 ETH worth about $201 million at current prices. The move raises Bitmine’s total holdings to roughly 2,126,018 ETH, with a value near $9.24 billion, according to on-chain trackers and Arkham Intelligence.
Source : Lookonchain
On-chain monitors reported that a BitGo-linked address moved 46,255 tokens into wallets labeled for Bitmine. The event was flagged by OnchainLens and traced through Arkham’s explorer data. Crypto watchers see this as another example of large buys by companies that want crypto on their balance sheet.
Bitmine’s Recent Buys
Bitmine bought 10,320 coins (~$44.6M) recently and added 202,469 coins(~$881M) last week, bringing its stash to roughly 2.08 million ETH (valued near $8.9–$9.2B). And now the new transfer may tighten short-term supply, reducing sell pressure significantly.
Market Reaction and Context
News of the transfer arrived while Ethereum’s price was trading in the mid-$4,000s. The cryptomarket did not show a sharp immediate spike, but accumulation by big holders and whales is often read as a bullish sign for the medium term. Analysts say steady corporate buying can support prices by taking coins off the market and reducing selling pressure.
Source : Coinmarketcap
The layer-1 token is trading at $4,375, with a slight up 1.39% over 24 hours, showing modest short-term strength. The market cap stands around $528B with 24hr volume at $39Billion.
The token is lingering around between $4200-$4500 from last week facing mild downfall after hitting ATH. Short-term volatility may persist; traders should monitor ETF updates, regulatory headlines, and whale activity closely
What This Could Mean for Ethereum and Price Prediction
Because Bitmine added $201M of tokens, the market sees another large buyer stepping in. If more firms follow, demand could outpace short-term supply and push prices higher. A cautious market view: if demand from institutions keeps growing and macro conditions stay stable, Ether could test the next resistance zones.
Many analysts point to new ATH and historical levels near $4,800–$5,200 in the coming weeks as possible targets. This is not financial advice, it’s a simple scenario tied to continued institutional buying and broader market trends.
Final Thoughts
Bitmine’s newest deposit of 46,255 tokens increases its large Ethereum treasury and underlines a trend that companies are choosing Ether as a reserve asset. That steady accumulation can support prices over time, especially if many institutions make similar moves. Bitmine Ethereum News will likely stay a watchword for traders tracking big-player activity on the chain.
