According to TechFlow, on February 5th, Lookonchain (@lookonchain), an on-chain analytics platform, reported that as the price of ETH fell below $2,000, Bitmine's unrealized losses on its 4,285,125 ETH (worth $8.47 billion) have now exceeded $8 billion.
Bitmine's ETH holdings are currently showing a paper loss of over $8 billion.
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