Ethereum

Based

Expand

Million

<ul>
 <li>25,000 ETH worth approximately $41.09 million was transferred on June 10.</li>
 <li>The transfer originated from a BitGo hot wallet and was sent to a wallet linked to BitMine.</li>
 <li>BitMine has accumulated a total of 125,000 ETH over the past three days.</li>
 <li>Combined purchases are valued at roughly $206 million based on transaction-time prices.</li>
 <li>The latest acquisition follows earlier transfers involving Kraken and FalconX-linked wallets.</li>
</ul>
<h2 id="bitmine-adds-another-25-000-eth-to-ethereum-treasury">BitMine Adds Another 25,000 ETH to Ethereum Treasury</h2>
<p>A major Ethereum transaction linked to BitMine was recorded on June 10, 2026, adding another 25,000 ETH to the company’s rapidly expanding digital asset treasury.</p>
<figure class="wp-caption aligncenter"><img src="https://cryip.co/wp-content/uploads/2026/06/Transferred-25000-ETH.png" alt="Transferred 25,000 ETH" width="1158" height="61">
 <figcaption><a href="https://arkm.com/explorer/address/0x17AA0E44612EA669b54F4Adf18F496377241bba8" rel="noopener noreferrer nofollow">Transferred 25,000 ETH</a>
 </figcaption>
</figure>
<p>According to on-chain transaction data, the transfer occurred at <a href="https://arkm.com/explorer/tx/0x83db242fd620637b6510eb273ac8e5f547dbc9a56030fe0bb3a261959f2c67eb" rel="noopener noreferrer nofollow">15:22:59 UTC</a> when approximately 25,000 ETH, valued at around $41.09 million, moved from a wallet identified as a BitGo hot wallet to an address associated with BitMine.</p>
<p>The transaction ranks among the larger Ethereum transfers observed during the day and highlights continued institutional-scale activity within the Ethereum market.</p>
<h2 id="three-day-ethereum-accumulation-reaches-125-000-eth">Three-Day Ethereum Accumulation Reaches 125,000 ETH</h2>
<p>The latest purchase adds to earlier acquisitions that brought substantial amounts of ETH into BitMine-linked wallets. Notably, <a href="https://cryip.co/bitmine-acquires-75000-eth-in-123-million-ethereum-purchase/" rel="noopener noreferrer nofollow">BitMine had already acquired 75,000 ETH</a> through a series of large transactions recorded around 17:00 UTC, involving Kraken and FalconX-linked wallets. Those transfers were collectively valued at approximately $123 million at the time of transfer and marked the beginning of the company’s recent Ethereum accumulation campaign.</p>
<p>Prior to the June 10 transaction, BitMine received:</p>
<ul>
 <li>25,000 ETH from a Kraken-linked wallet</li>
 <li>30,000 ETH from another Kraken-linked wallet</li>
 <li>20,000 ETH from a FalconX-linked wallet</li>
 <li>25,000 ETH transferred through BitGo infrastructure</li>
</ul>
<p>These transfers bring the company’s cumulative purchases over the past three days to approximately 125,000 ETH. Based on transaction-time valuations, the combined acquisitions are worth roughly $206 million, making the recent buying spree one of the more notable Ethereum accumulation events tracked on-chain this month.</p>
<p>The latest accumulation follows another major treasury expansion announced last week, when <a href="https://cryip.co/bitmine-bmnr-buys-126971-eth-holdings-reach-5-54-million-eth/" rel="noopener noreferrer nofollow">BitMine (BMNR) disclosed the purchase of 126,971 ETH</a>, further reinforcing its aggressive Ethereum-focused treasury strategy. Combined with the recent acquisitions, BitMine has continued to position itself among the largest corporate holders actively increasing exposure to Ethereum.</p>
<figure class="wp-caption aligncenter"><img src="https://cryip.co/wp-content/uploads/2026/06/ETH-Graph.png" alt="ETH Graph" width="1111" height="390">
 <figcaption><a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">ETH Graph</a>
 </figcaption>
</figure>
<p>As of 06:05 AM UTC on June 11, 2026, Ethereum (ETH) was trading at $1,645.97, up 7.84% over the past week. ETH maintained a market capitalization of approximately $198.64 billion, while 24-hour trading volume stood at $12.88 billion. The recent price performance comes as institutional interest in Ethereum remains elevated, with companies such as BitMine actively expanding their ETH treasury holdings.</p>
<h2 id="institutional-wallet-activity-remains-in-focus">Institutional Wallet Activity Remains in Focus</h2>
<p>The latest transfer highlights continued activity among institutional-grade custody providers and trading firms. BitGo, Kraken, and FalconX are commonly used by professional investors, funds, and corporate treasury operations for digital asset custody and trade execution.</p>
<p>Large transfers involving these entities are often monitored by market participants because they can provide insight into capital flows within the cryptocurrency ecosystem. While individual transactions do not necessarily indicate near-term market direction, sustained accumulation activity can attract attention from traders and analysts assessing institutional demand. The concentration of multiple high-value transfers within a short period suggests that BitMine continues to expand its Ethereum holdings as part of its broader treasury strategy.</p>
<h2 id="ethereum-treasury-strategy-continues-to-expand">Ethereum Treasury Strategy Continues to Expand</h2>
<p>The latest acquisition follows a series of recent ETH purchases by BitMine, further increasing the company’s exposure to Ethereum. The firm has consistently expanded its Ethereum treasury in recent months as part of its long-term digital asset strategy. Recent disclosures show BitMine remains one of the largest publicly disclosed corporate holders of ETH.</p>
<p>With approximately 125,000 ETH added over the past three days, market participants are likely to continue monitoring BitMine-linked wallets for signs of additional accumulation and broader institutional participation in Ethereum markets.</p>

BitMine Adds Another 25,000 ETH in $41 Million Purchase, Three-Day Total Reaches 125,000 ETH

Table of Contents

CRYIP

Other articles published on Jun 11, 2026

Join our free newsletter for daily crypto updates!