According to on-chain data platform Onchain Lens, on November 12th, a recently created wallet address suddenly received a large transfer—24,007 ETH, which was approximately $82.04 million at the time.

The source of these funds points to Galaxy Digital, while the on-chain behavior of the recipient address highly suggests it belongs to BitMine.

It is noteworthy that such large-scale ETH transfers typically indicate institutional asset reallocation. Galaxy Digital, as a well-known digital asset management firm, has its on-chain movements closely watched as a market indicator. If BitMine is indeed the recipient, the purpose behind this transfer—whether strategic partnership, asset custody, or other arrangements—may become clear in the coming weeks.

Currently, neither party has issued a public statement regarding this transfer, but the on-chain data has fully documented this activity.