Arkham is pleased to announce added support for monitoring the BitMine holding address
BlockBeats News, August 16, according to official sources, Arkham announced that it has added support for monitoring the BitMine holding address. The BitMine address currently holds 1,174,000 ETH, worth approximately 5.26 billion U.S. dollars.
Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.
The ebb of the top three buyers, BitMine bears the brunt of ETH selling pressure alone. With a floating loss of 3 billion, it is the ultimate gamble about "buying the dip" and "catching the falling knife."