Bitmine's average cost price for Ethereum is around $4,526, facing an unrealized loss of approximately $2.076 billion.
BlockBeats News, October 11, according to strategicethreserve data, the largest Ethereum holding institution, Bitmine, increased its holdings by 27,256 ETH today. It now holds a total of 2,857,407 ETH, with a total acquisition cost of $12.934 billions and an average price of approximately $4,526 per ETH. Based on the current ETH price of $3,800, the current value of its portfolio is about $10.858 billions, facing an unrealized loss of approximately $2.076 billions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March
A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.
Raoul Pal Holds Bitcoin, Solana and Ethereum, but Calls One Wildly Undervalued
Ethos Technologies President Wang Lingke Reports Sale of $4.54 Million in Common Shares
Exclusive report - Boeing memorandum says sales chief McMullen will retire
Crypto prices
More
