Bitmine estimated to buy $14.6M in ETH via BitGo

Bitmine (NYSE: BMNR), a U.S.-listed company pursuing a strategic accumulation of Ethereum, withdrew 7,500 ETH worth about $14.61 million from BitGo around four hours ago, according to an analysis by on-chain analyst EmberCN. EmberCN added Bitmine appears to be continuing its ETH accumulation after last week. Exchange withdrawals are typically interpreted as accumulation activity. Earlier, Bitmine said it had added 9,946 ETH over the past week.