Lookonchain reports BitMine’s $39.8 million Ethereum purchase from BitGo, underscoring significant institutional-scale transactions in the digital asset market.
BitMine purchased 20,000 ETH, valued at $39.8 million, from digital asset custody firm BitGo on February 18, according to blockchain analytics platform Lookonchain. The transaction, occurring just hours before disclosure, reflects continuing large-scale corporate activity in the cryptocurrency sector.