Bitmine-Linked Wallet Pulls In 13,000 ETH From BitGo Hours After Firm Flagged Slowing Buy

A Bitmine-linked wallet received 13,000 ETH worth about $24.36 million from BitGo custody within hours, despite Bitmine saying a day earlier that its weekly ether buying had slowed to the weakest pace in weeks. The two transfers, 8,000 ETH and 5,000 ETH, appear consistent with Bitmine’s prior treasury routing through BitGo, but the company has not confirmed whether this was a fresh purchase, custody reshuffle, or staking-related movement. The transaction comes against a backdrop of large August ETH treasury activity and reinforces Bitmine’s aggressive accumulation strategy, even as it temporarily emphasized a slowdown in weekly buys. Ether was trading around $1,874.85 and was down 2.14% over 24 hours at the time, so the headline is more about treasury flow and corporate ETH accumulation than price action.