BitMine Receives $130 Million in ETH from Galaxy Digital’s OTC Wallets

Arkham data shows five large transfers totaling 28,650 ETH moved to BitMine’s BitGo-custodied wallets within two hours.

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Terms & Concepts
  • Over-the-Counter (OTC) Trading: A method of trading crypto assets directly between parties, often involving large transactions outside of public exchanges.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transaction fees, staking, and decentralized applications.
  • Custodied Wallet: A cryptocurrency wallet managed by a third-party service provider that holds and secures assets on behalf of the owner.