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BitMine’s Unrealized Loss on Ethereum Nears $9.6 Billion

Source
Uk Jin

Summary

  • BitMine, the world’s largest corporate holder of Ethereum (ETH), saw its unrealized loss widen sharply as the market weakened.
  • BitMine’s unrealized loss on Ethereum now stands at about $9.6 billion.
  • BitMine’s total Ethereum holdings amount to 6,070,092 tokens, with an average purchase price of about $3,352.58.

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Photo: BitMine logo
Photo: BitMine logo

BitMine, the world’s largest corporate holder of Ethereum, has seen its unrealized loss widen sharply amid the market downturn.

BitMine’s mark-to-market loss on its Ethereum holdings now stands at about $9.6 billion, according to BlockBeats on November 15.

The loss reflects Ethereum’s recent weakness. As of 11:33 a.m., Ethereum was trading at $1,802, down 4.48% from a day earlier. It has fallen 19% from a week earlier.

BitMine holds a total of 6,070,092 Ethereum. Its average purchase price is about $3,352.58 per token.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

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