Rewards Hub Nasdaq-listed companies Bitmine and SharpLink are reporting significant unrealized losses on their Ethereum (ETH) holdings, totaling $2.57 billion. Bitmine, which holds 3.4 million ETH, has incurred a paper loss of $2.4 billion, with an average purchase price of $4,037 per ETH. Meanwhile, SharpLink's 860,000 ETH holdings have resulted in a $170 million unrealized loss, based on an average purchase price of $3,609 per ETH. These figures underscore the volatility and risks associated with large-scale cryptocurrency investments, as the current market value of ETH remains below these purchase prices.
Bitmine and SharpLink Face $2.57 Billion in Unrealized Ethereum Losses
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