According to @EmberCN on X (Nov 20, 2025), Bitmine received 24,827 ETH valued at about $72.52 million from BitGo roughly nine hours prior, indicating ongoing treasury accumulation activity by the firm, source: @EmberCN. According to @EmberCN, Bitmine’s total additions this week via Kraken and BitGo amount to 45,872 ETH, approximately $139 million, source: @EmberCN.

According to the source, MicroStrategy purchased 525 BTC for about $60 million on Monday (source: the source). That purchase equals roughly 1.17 days of new BTC issuance since the April 2024 halving to 3.125 BTC per block, or about 450 BTC per day (source: Bitcoin.org). For traders, the reported treasury buy size relative to daily issuance can inform short-term liquidity and order-book monitoring around BTC spot and perpetuals during U.S. hours (sources: the source; Bitcoin.org).