Bitmine accumulates an additional $34.7M in ETH

An address presumed to belong to Bitmine has withdrawn 17,722 ETH, worth approximately $34.74 million, from Kraken, Lookonchain reported. According to the on-chain analysis firm, three addresses believed to be owned by Bitmine have purchased a total of 62,722 ETH, valued at around $123 million, this week. Withdrawals from exchanges are typically interpreted as an intention to hold.