BitMNR Acquires 29,463 ETH Worth $88.38 Million from Kraken and BitGo

Recent on-chain data shows BitMNR expanded its Ethereum holdings by 29,462 ETH from major crypto service providers, bringing its total to over 4 million ETH.

ETH

Summary

BitMNR acquired 29,462 ETH worth $88.1 million from addresses linked to Kraken and BitGo. The move follows last week’s addition of 98,852 ETH, raising total holdings to 4,066,062 ETH. The transactions highlight significant accumulation by the Ethereum treasury firm as tracked by on-chain data.

Terms & Concepts
  • Ethereum: A blockchain platform for decentralized applications and smart contracts.
  • ETH: The native cryptocurrency of the Ethereum blockchain.
  • On-chain analysis: The process of analyzing blockchain data to track transactions and wallet activities.