TechFlame reports that on November 12, according to on-chain analyst Ai Yi (@ai_9684xtpa), a new address received 24,007.35 ETH from Galaxy Digital OTC in the past 12 hours. The address has been tagged by Arkham as belonging to Bitmine.

Combined with Bitmine's latest disclosure on November 10, the company's current ETH holdings have increased to 3.529 million, with a total value of $12.84 billion. The cost basis is $3,637.79, resulting in an unrealized loss of $658 million.