BULLISH 📈 : BitMine buys 5,000 ETH from Ethereum Foundation as whales accumulate
Ethereum Foundation sold 5,000 ETH to BitMine for $10.2M in an OTC deal. Funds will support research, grants, and community programs.
The sale cleared at $2,042.96 per ETH. EF said the transfer came from its Safe multisig and is routine treasury management. Source: Ethereum Foundation announcement on X.
BitMine is still accumulating. The purchase follows its mid‑2025 shift to an Ethereum treasury strategy. Source: Bitcoinist on BitMine’s accumulation.
Recent disclosures show BitMine now holds over 4.53 million ETH, or ~3.7% of supply. Source: PR Newswire: BitMine ETH holdings.
Large wallets are buying at current levels. On-chain data points to fresh accumulation. Source: NewsBTC analysis on ETH accumulation.
- Wallet 0x8E34 has been withdrawing since March 11. It added 6,413 ETH (~$13.83M), reaching 80,157.67 ETH in four days. The position shows >$980K unrealized profit. Sources: EyeOnChain on 0x8E34, NewsBTC on profit.
- Wallet 0x743d spent 3.79M USDT for 1,827 ETH. Over four days it bought 11,985 ETH for $24.79M at ~$2,068 average. Source: Lookonchain on 0x743d.
BitMine pivoted from Bitcoin mining and continues to add ETH. Source: Bitcoinist.
