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📊 Bitmine Deep in the Red Despite Massive ETH Accumulation

Crypto Globe Gazette

Updated at: an hour ago

{"content":"📊 Bitmine Deep in the Red Despite Massive ETH Accumulation According to on-chain analyst Yu Jin, Bitmine purchased 110,000 $ETH (worth roughly $385 million) last week, bringing its total Ethereum holdings to 3.505 million ETH — valued at around $12.42 billion. However, with an average cost basis of $4,020 per ETH, the firm currently faces an unrealized loss of approximately $1.66 billion amid ETH’s subdued price levels. #Ethereum $SOL ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/10/4c8d775548fe1650e88d94a0bcb71ab7.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}

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