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Bitmine moves roughly 9,600 ETH worth $19.5 million to Coinbase Prime as ether treasury firm shuffles holdings

CoinDesk|Shaurya Malwa|March 10, 2026 at 07:15 AM

Image via CoinDesk

🤖AI Summary

Bitmine, the largest public ether holder, transferred approximately 9,600 ETH worth $19.5 million to Coinbase Prime hot wallets on Tuesday. The company emphasized that these treasury movements don't necessarily indicate selling intentions.

Key Takeaways

→Bitmine transferred 9,600 ETH worth $19.5 million to Coinbase Prime in two separate transactions.
→Bitmine is currently the largest publicly-held ethereum treasury company.
→The transfers went to Coinbase Prime hot wallets, suggesting institutional treasury management.
→Company representatives clarified the moves don't necessarily signal immediate selling plans.
→Large ETH holders are actively managing their treasury positions through major exchanges.

Mentioned Tokens

$ETH$2,052▲+3.8%

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#bitmine #ethereum #eth #coinbase-prime #treasury #whale-movement #institutional

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