Data: Bitmine continues to increase its holdings in ETH, with an unrealized loss exceeding 4 billion USD

According to Ember Monitoring, the ETH treasury company Bitmine continues to replenish its holdings to lower the average price: 17,242 ETH (worth $48.96 million) was received from BitGo and FalconX 8 hours ago. This week, Bitmine has increased its holdings by 63,114 ETH (worth $188 million) through Kraken, BitGo, and FalconX.

Currently, the company holds 3.56 million ETH at an average price of $4,009, which has now resulted in an unrealized loss of $4.16 billion, while its total market capitalization is only $7.4 billion.