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BitMine Ethereum Reserve Records $4.121 Billion Unrealized Loss, While the Strategy Unrealized Gain Narrows to $7.649 Billion

BlockBeats News, December 19, combined with an analysis by analyst Yu Jin on the average cost basis of mainstream treasury companies, BitMine holds a total of 3,967,210 ETH with an average cost basis of $3,906. Calculated at the current price of $2,868, it has an unrealized loss of $4.121 billion.


Strategy holds 671.268 BTC with a cost basis of $74,972, corresponding to the current price of $86,271, narrowing the overall unrealized gain to $7.649 billion.

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Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.
Strategy currently holds 641,692 BTC and the mNav is currently reported as 0.979. There is currently no plan to stop accumulating.
Since the end of June, BMNR's stock price has risen by over 1300%; meanwhile, ETH is approaching a new all-time high.
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