Rewards Hub Bitmine (NYSE: BMNR) is currently experiencing an unrealized loss of approximately $1.66 billion on its Ethereum holdings, with the average cost per ETH at $4,020. The company recently expanded its Ethereum portfolio by acquiring over 110,000 ETH last week, increasing its total holdings to 3.5 million ETH. This development highlights the financial challenges faced by Bitmine amid fluctuating cryptocurrency prices.
Bitmine Faces $1.66 Billion Unrealized Loss on Ethereum Holdings
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