Bitmine and SharpLink Ethereum holdings have a combined unrealized loss of over $1.9 billion.

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On November 4th, according to on-chain analyst Ember's monitoring, with ETH falling below $3,500, both major ETH treasury companies are currently experiencing significant paper losses.

• Bitmine: Holds 3,395,422 ETH (US$11.88 billion), with an average cost of US$4,037, resulting in a paper loss of US$1.82 billion;

• SharpLink: Holds 860,299 ETH (US$3.01 billion), with an average cost of US$3,609 and a floating loss of US$93.77 million.

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