📊 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}