Ethereum treasury company BitMine (BMNR) faces an unrealized loss of approximately $9.7 billion on its ETH holdings as of November 15, with the position down roughly 47.70%.
According to official announcements and BitMineTracker data, BitMine held 6,070,092 ETH as of November 8 at an estimated average cost of about $3,352.58 per token, totaling approximately $20.35 billion in acquisition costs. With Ethereum trading near $1,753, the current value of BitMine's holdings stands at about $10.64 billion.
BitMine's ETH Holdings Unrealized Loss Widens to About $9.7 Billion
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