Bitmine: Withdraws 25,000 ETH From Kraken

Bitmine pulled 25,000 ETH worth $50.56 million from Kraken six hours ago, following its weekly pattern of moving purchased holdings on-chain every Friday.

The move aligns with Bitmine Ethereum treasury accumulation history and stands out against broader corporate ETH treasury strategies 2025-2026 where most firms have either paused or liquidated. Earlier this week the firm acquired 60,000 ETH totaling $126 million through BitGo and Kraken. On the 4h chart, ETH trades at $2019.45 inside the Bollinger Bands with upper resistance at $2093.42; the bearish EMA structure places 50-EMA resistance at $2067.96 and 200-EMA at $2183.33, yet the MACD golden cross at -18.93 hints at building momentum that could test the upper band before any deeper pullback to lower support near $1960.54.