{"id":23535,"date":"2026-03-10T09:45:18","date_gmt":"2026-03-10T09:45:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/arkham-data-shows-bitmine-sending-9600-eth-to-coinbase-prime\/"},"modified":"2026-03-10T09:45:23","modified_gmt":"2026-03-10T09:45:23","slug":"arkham-data-shows-bitmine-sending-9600-eth-to-coinbase-prime","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/arkham-data-shows-bitmine-sending-9600-eth-to-coinbase-prime\/","title":{"rendered":"Arkham data shows Bitmine sending 9,600 ETH to Coinbase Prime"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Blockchain data shows that crypto treasury firm BitMine Immersion Technologies recently transferred around 9,600 ETH to wallets linked to Coinbase\u2019s institutional platform Coinbase Prime.<\/p>\n<div id=\"cn-block-summary-block_b64ca6b4d6817a97296e6bd7b75a86b6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BitMine transferred 9,600 ETH to Coinbase Prime in two transactions worth roughly $19\u201320 million.<\/li>\n<li>Despite the move, the firm still controls over 1 million ETH across tracked wallets, with around 3.04 million ETH staked.<\/li>\n<li>Bitmine has accumulated more than 4.5 million ETH worth over $9 billion, positioning itself as one of the largest corporate holders of Ethereum.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Bitmine transfers 9,600 ETH to Coinbase Prime<\/h2>\n<p>According to on-chain intelligence platform <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/bitmine\" target=\"_blank\" rel=\"nofollow\">Arkham<\/a>, the transactions moved roughly 9,600 Ethereum (ETH), worth about $19\u201320 million at current prices, from Bitmine-controlled wallets to Coinbase Prime addresses. <\/p>\n<p>Such transfers are commonly associated with institutional custody management, liquidity provisioning, or over-the-counter trading activity. The first transfer sent 5,300 ETH worth $10.75 million followed by a second batch of 4,308 ETH worth $8.74 million.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Despite the movement, Arkham data indicates that Bitmine continues to control more than 1 million ETH across tracked wallets, while a large portion of its holdings, around 3.04 million ETH, are staked.<\/p>\n<p>Large transfers to Coinbase Prime are often linked to institutional custody management, over-the-counter (OTC) trading, or liquidity provisioning, rather than immediate spot market selling.<\/p>\n<p>The company has emerged as one of the most aggressive corporate accumulators of Ethereum. Its strategy mirrors the corporate Bitcoin treasury model popularized by companies like MicroStrategy, but with a focus on Ethereum as the primary reserve asset.<\/p>\n<p>Bitmine has dramatically expanded its ETH holdings in recent months as part of a large-scale buying spree. The company now holds over 4.5 million ETH tokens worth more than $9 billion, making it one of the largest institutional holders of the asset.<\/p>\n<p>The firm has repeatedly added tens of thousands of ETH during market pullbacks, including purchases of more than 50,000 ETH in a single week, signaling strong long-term conviction in the network\u2019s growth and institutional adoption.<\/p>\n<p>This aggressive accumulation has drawn investor attention, particularly as Bitmine positions itself as a publicly traded vehicle for exposure to Ethereum. The company\u2019s stock, traded under the ticker BMNR, has also shown signs of recovery alongside renewed buying activity and broader crypto market stabilization.<\/p>\n<p>While the latest transfer represents only a small portion of its total reserves, it highlights the scale of Bitmine\u2019s treasury operations and the growing role of large corporate entities in Ethereum markets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain data shows that crypto treasury firm BitMine Immersion Technologies recently transferred around 9,600 ETH to wallets linked to Coinbase\u2019s institutional platform Coinbase Prime. Summary BitMine transferred 9,600 ETH to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23535"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23535\/revisions"}],"predecessor-version":[{"id":23536,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23535\/revisions\/23536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4890"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}