BitMine transfers 4,308 ETH to Coinbase Prime, possibly for staking

KuCoinFlash

Release Time: 03/10/2026 04:31:24

ETH

$2,036.881.79%

Summary

ETH news: On March 10, Arkham data shows a BitMine-linked address transferred 4,308 ETH to Coinbase Prime, following a prior transfer of 5,300 ETH earlier the same day. This follows BitMine’s March 9 announcement of purchasing 61,000 ETH. ETH update: The activity indicates staking, not selling—BitMine previously staked 140,400 ETH with Coinbase Prime on February 11.

BlockBeats news: On March 10, according to Arkham monitoring, a BitMine-associated address transferred another 4,308 ETH to Coinbase Prime five minutes ago.

This morning, the address transferred 5,300 ETH ($10.75 million) to Coinbase Prime.

Notably, BitMine announced yesterday that it purchased 61,000 ETH last week, leading the community to speculate that this transfer is not intended for sale. On February 11, BitMine previously transferred and staked 140,400 ETH to Coinbase Prime.

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