According to the source, a social media post dated 2025-10-16 claims BitMine bought 104,336 ETH (~$417M) during a 20% pullback from August highs, citing unspecified on-chain data (source: the source’s 2025-10-16 social post). The claim is unverified because no transaction hashes, wallet labels, or third-party analytics links were provided to substantiate the purchase (source: absence of on-chain references in the source post). Traders should wait for verifiable Etherscan transaction hashes and labeled wallet flows from reputable analytics such as Arkham or Nansen before positioning based on this headline (source: Ethereum’s public ledger and standard on-chain verification workflow). Until validated, treat this as an unconfirmed whale alert and avoid reactive entries predicated on the claim alone (source: lack of independently verifiable on-chain evidence at time of writing).