BitMine adds $201 million worth of ETH to treasury via BitGo: Onchain Lens

BitMine Immersion Technologies added 46,255 ETH, worth $201 million, to its corporate Ethereum treasury on Wednesday, according to blockchain analytics platform Onchain Lens.

Citing data from Arkham, Onchain Lens reported Wednesday that the company received the ether from a BitGo wallet across three addresses. While one wallet was identified as BitMine's, the other two remain unmarked on Arkham.

Onchain Lens told The Block in a response to an earlier query that it identified the link between the two addresses and BitMine through forensic analysis and internal algorithmic framework.

BitMine has not confirmed the reported acquisition. The Block has reached out to BitMine for confirmation.

With this latest acquisition, BitMine holds a total of 2,126,018 ETH that is worth nearly $9.3 billion, according to Onchain Lens. The company aims to accumulate 5% of Ethereum's total supply.

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Meanwhile, BitMine reported Monday that its total holdings of ETH have reached 2.069 million tokens, bolstering its place as the leading Ethereum treasury in the world. 

On the same day, BitMine also announced a $20 million strategic investment into Eightco Holdings (OCTO) as part of that company's $270 million PIPE, backing Eightco's plan to acquire Worldcoin's WLD as its primary treasury asset.

BitMine (BMNR) closed up 2.24% on the NYSE on Wednesday at $45.6, according to The Block's price page. Its stock price rose 714.3% in the past six months.

Article updated to add response from Onchain Lens