BitMine's Ethereum holdings unrealized loss widens to $9.6 billion

BlockBeats news, November 15 — As Ethereum fell below $1,800, the unrealized loss on the ETH holdings of BitMine (BMNR), the world's largest Ethereum treasury company, has further widened.

As of November 8, BitMine held 6,070,092 ETH. According to BitMineTracker estimates, its average holding cost was approximately $3,352.58 per coin, for a total cost of about $20.35 billion.

Based on an ETH price of $1,774, BitMine's ETH holdings show an unrealized loss of approximately $9.6 billion, about 47.09% below cost.

Correction/Report

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