52,475 ETH ($220M) Transferred from BitGo to Three New Wallets Likely Linked to Bitmine

On August 20, COINOTAG reported that on-chain data shows three newly created wallet addresses received a cumulative 52,475 ETH — roughly $220.44 million — in a single transfer originating from BitGo approximately 14 hours prior. The receiving addresses are 0xec9a7e7d864bd598d0f0f00d8d397e83171c52de, 0x728e79933070e44273Eb23bD0aB937565f41777d and 0x7aeb5fBc26C9a739F417e1eA06d502886AedBa03. Blockchain heuristics point to a possible operational connection with Bitmine, though that linkage remains unconfirmed; the transfer nonetheless represents a material custody movement with implications for institutional liquidity and treasury management visibility on-chain.

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