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TechFlow news, October 11 — According to on-chain analyst Onchain Lens (@OnchainLens), following this morning's price drop, Bitmine's ETH position has suffered severe losses, facing a paper loss of $1.93 billion.
Bitmine currently holds 2,830,151 ETH with a total acquisition cost of $12.83 billion and an average price of $4,535. The current valuation of these ETH holdings stands at only $10.9 billion.
According to on-chain analyst Onchain Lens (@OnchainLens), after the price drop early today, Bitmine's ETH position suffered significant losses, facing an unrealized loss of 1.93 billion USD. Bitmine currently holds 2,830,151 ETH, acquired at a total cost of 12.83 billion USD with an average price of 4,535 USD. The current valuation of this ETH holding is only 10.9 billion USD.
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