BitMine’s Ethereum Paper Loss Narrows to $5.41 Billion, Average Cost at $3,366
Minseung Kang
Summary
- BitMine’s Ethereum holdings unrealized loss has narrowed to about $5.41 billion.
- BitMine currently holds 5,815,164 ETH with an average purchase price of $3,366.
- Based on the current Ethereum price of $2,436, BitMine’s holdings show an unrealized loss of about $5.41 billion, after previously exceeding $10 billion.
Forecast Trend Report by Period
BitMine’s paper loss on its Ethereum holdings has narrowed to about $5.41 billion.
Crypto-focused media outlet BlockBeats reported on Aug. 22 that BitMine holds 5,815,164 ETH with an average purchase price of $3,366.
Based on Ethereum’s current price of $2,436, BitMine’s holdings are sitting on an unrealized loss of about $5.41 billion. The loss had previously exceeded $10 billion as Ethereum declined.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.