BitMine’s Unrealized Loss on Ethereum Nears $9.6 Billion
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.