Bitmine is reported to hold 6000000 ETH, with an unrealized loss on paper of 3925000000 USD
BIBIBI
AT A GLANCE
PANews stated that Bitmine holds 6001302 ETH, with an unrealized loss according to the report of 3925000000 USD。
Article
Bitmine Ethereum holdings are currently at an unrealized loss 3925000000 USD
PANews September 28 According to news, blockchain analyst Ember monitored that Ethereum treasury company Bitmine purchased last week at approximately 2710 USD per 17362 ETH（47050000 USD). It currently holds a total of 6001302 ETH（16101000000 USD), with an average cost basis of 3337 USD, and an unrealized loss of 3925000000 USD（-19.6%）。
PANews September 28 The news stated that the relevant data came from monitoring by blockchain analyst Ember.
02
Bitmine purchased last week at approximately 2710 USD per 17362 ETH, for a total amount of 47050000 USD。
03
The report stated that Bitmine currently holds a total of 6001302 ETH, valued at 16101000000 USD。
04
The average cost basis given in the report was 3337 USD。
05
The unrealized loss given in the report was 3925000000 USD, representing -19.6%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Unrealized loss” refers to a book loss estimated using the price cited in the report. Here, it means that the current valuation of Bitmine’s holdings of ETH is below the cost listed in the report, but the source does not say that these ETH have been sold, nor does it say that the loss has been realized.
Why it matters to readers
This set of data presents Bitmine’s ETH holdings amount, valuation, average cost basis, and unrealized loss together, and can be used to observe changes in the book value of its holdings.
Beginners should distinguish between an “unrealized loss” and an actual loss after a sale, and note that these figures come from analyst monitoring rather than a company disclosure or a complete calculation process presented in the source.
Risks and unknowns
The source does not display the monitored blockchain address.
The source does not explain the complete calculation method for the average cost basis.
The source does not provide the specific price timing used for the 16101000000 USD valuation and 3925000000 USD unrealized loss.
The source does not provide Bitmine confirmation of these holdings data.
The source does not mention whether Bitmine plans to buy, sell, stake, or obtain financing against the holdings.
Related Developments
Loading event timeline…
Related concepts
ETH
This term is not in the glossary yet. Browse related concepts in the glossary.
