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Bitmine's 2.83 Million ETH Position Faces $1.93 Billion Unrealized Loss

Summary: According to Onchain Lens, following a drop early this morning, Bitmine's ETH holdings have suffered a significant blow, facing a $1.93 billion unrealized loss. Bitmine currently holds 2,830,151 ETH, with a total acquisition cost of $12.83 billion and an average price of $4535. However, the current valuation of this batch of ETH is only $10.9 ...

According to Onchain Lens, following a drop early this morning, Bitmine's ETH holdings have suffered a significant blow, facing a $1.93 billion unrealized loss. Bitmine currently holds 2,830,151 ETH, with a total acquisition cost of $12.83 billion and an average price of $4535. However, the current valuation of this batch of ETH is only $10.9 billion.

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