According to @EmberCN, ETH price has reached the cost basis of whale @BitMNR, who holds 2.416 million ETH valued at about $9.7 billion at the time of the post, per @EmberCN. The post frames this as a pivotal level by asking whether price will continue down or move up, according to @EmberCN.

According to @EmberCN, ETH is roughly $200 above @BitMNR’s reported average ETH cost basis of $3,949. According to @EmberCN, @BitMNR currently holds about 2.151 million ETH valued around $9 billion. According to @EmberCN, @BitMNR has indicated it will not sell in the short term. According to @EmberCN, a drop below $3,949 would place ETH under this holder’s reported cost basis, and the author is watching how @BitMNR’s stock might react and whether it can continue purchasing ETH. According to @EmberCN, traders can monitor the $3,949 level as a key reference for positioning and risk management around ETH volatility.

According to the source, BitMNR disclosed in a Monday company announcement that it holds over $10.7 billion in digital assets, with the majority allocated to Ethereum (ETH) [source: BitMNR company announcement, Monday]. This establishes material ETH balance-sheet exposure at a major miner, a factor traders monitor when assessing potential treasury-driven flows and market sensitivity around ETH during reporting or rebalancing windows [source: BitMNR company announcement, Monday].

According to @MilkRoadDaily, BitMNR purchased another $200M worth of ETH, bringing its holdings to 2.12M ETH valued around $9.3B, which represents over 1.7% of total ETH supply held by a single public company, source: @MilkRoadDaily. According to @MilkRoadDaily, the company’s stated target is to own 5% of the ETH supply, implying additional accumulation from the current 1.7% level if pursued, source: @MilkRoadDaily. According to @MilkRoadDaily, the equity angle is framed as $BMNR equals ETH exposure plus $372M in yield, which is relevant for traders evaluating equity proxies for ETH exposure, source: @MilkRoadDaily.

According to @OnchainLens, Bitmine (BitMNR) added 14,665.5 ETH worth $65.32M to its ETH holdings within the past 50 minutes (source: @OnchainLens). According to @OnchainLens, Bitmine now holds 1,881,639 ETH valued at $8.39B (source: @OnchainLens).

According to @lookonchain, over the past 30 hours four fresh wallets received 78,891 ETH valued at 358.16 million USD from FalconX, with the addresses possibly related to BitMNR, source: @lookonchain on X, Aug 28, 2025. Based on the reported figures, this flow averages about 2,630 ETH per hour and roughly 19,722.75 ETH per wallet, or approximately 89.54 million USD per wallet, source: @lookonchain on X, Aug 28, 2025. The implied unit value from the stated totals is approximately 4,540 USD per ETH, and the activity is characterized by the source as whales or institutions buying ETH, source: @lookonchain on X, Aug 28, 2025.

According to @lookonchain, four newly created wallets received 42,867 ETH (about USD 198 million) from FalconX within the past 12 hours, described as continued whale and institutional buying; source: @lookonchain. The wallets are possibly related to @BitMNR, with addresses including 0x566bd75621Db03B4d046e80F87F0A2B489c39Dd3 and 0xAf4Cb42584c5Dc74BAFE9bea67d19076538F4B26; source: @lookonchain.

According to @EmberCN, a 13-address on-chain cluster attributed by the source to BitMNR received 33,401 ETH (about $158M) today from two institutional business platforms; source: X post by @EmberCN dated 2025-08-14. The same source reports the cluster has accumulated 379,000 ETH (about $1.8B) since 2025-08-04 from institutional platforms FalconX, Galaxy Digital, and BitGo; source: X post by @EmberCN dated 2025-08-14. The address set is referenced via an ARKM Intel explorer link shared in the source for verification; source: ARKM Intel explorer link cited by @EmberCN. The post indicates sponsorship by Bitget (@Bitget_zh); source: X post by @EmberCN dated 2025-08-14.

According to @EmberCN, a cluster of addresses created via BitGo amassed 293,186 ETH, worth about $1.24 billion, over the last eight days through institutional platforms FalconX, Galaxy Digital, and BitGo. According to @EmberCN, the cluster is likely tied to @BitMNR and only Bitmine currently matches this scale.