Bitmine's Unrealized Loss on 4.243M ETH Holdings Widens to Record $5.92B

Bitmine's unrealized loss on its Ethereum holdings reached $5.92 billion as of Feb. 1, EmberCN data show. The institution holds 4.243 million ETH at an average cost of $3,849 per token, while ETH has fallen to around $2,400, resulting in a 36% drawdown.