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BitMine’s unrealized loss on its Ethereum holdings has expanded to $9.6 billion.

10 minutes ago

As Ethereum (ETH) dropped below $1,800, the unrealized loss on ETH holdings of BitMine (BMNR), the world’s largest Ethereum treasury firm, has widened further. As of November 8, BitMine held 6,070,092 ETH tokens. Per BitMineTracker estimates, its average cost basis for ETH holdings is approximately $3,352.58 per token, with a total cost of around $20.35 billion. Calculated at the current ETH price of $1,774, BitMine’s unrealized loss on its ETH holdings is roughly $9.6 billion, a decrease of about 47.09% from its cost basis.

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Trader AguilaTrades bought the dip to go long on 1,000 BTC and currently has an unrealized profit of over $1.8 million.

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A trader shorted 30,000 ETH, with an unrealized profit of $15.6 million as of now.

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