Bitmine’s latest treasury data shows the company holds 5,815,164 ETH, with the position valued at $11.06 billion and an average cost basis of $3,366 per token. According to BlockBeats on Aug. 20, the company’s unrealized loss shrank sharply after Ethereum rallied close to 20% overnight. The loss was reduced to $6.65 billion, reflecting the impact of the latest move in ETH’s price. The update focuses on the scale of Bitmine’s Ethereum exposure, the current marked value of its holdings, and how quickly paper losses changed following the market move. No additional details were provided in the brief beyond the holding size, valuation, cost basis, and the latest unrealized loss figure.
Bitmine’s latest holding data shows the treasury company owns 5,815,164 ETH, with the position valued at $11.06 billion and an average cost basis of $3,366 per ETH.
According to BlockBeats on Aug. 20, Bitmine’s unrealized loss narrowed to $6.65 billion overnight after Ethereum surged close to 20% in the previous session.
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