Suspected Bitmine addresses withdraw $71.6M in ETH from exchanges

Two new addresses suspected of belonging to Ethereum accumulation firm Bitmine (BMNR) have withdrawn 40,000 ETH ($71.62 million) from Kraken and FalconX, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as an intention to hold. Additionally, Bitmine disclosed last week that it had purchased an additional 42,000 ETH.