BitMine Withdraws 35,100 ETH Worth $58.39 Million From Major Crypto Exchanges

2026-06-24 09:12

Monitored by Woofun AI, two newly created wallets executed withdrawals of 35,138 ETH from BitGo and Kraken, totaling approximately $58.39 million. These transactions are attributed to BitMine, indicating a shift in asset custody strategy.

This movement suggests BitMine may be consolidating holdings for long-term storage or preparing for specific operational needs, removing significant liquidity from exchange balances.

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