According to Mars Finance, based on Ember's monitoring, ETH treasury company Bitmine continues to add to its holdings, lowering the average price: 8 hours ago, it received 17,242 ETH (worth $48.96 million) from BitGo and FalconX. This week, Bitmine has increased its holdings by 63,114 ETH (worth $188 million) through Kraken, BitGo, and FalconX. Currently, the company holds 3.56 million ETH at an average price of $4,009, resulting in a paper loss of $4.16 billion, while its total stock market capitalization is only $7.4 billion.
Data: Bitmine continues to buy more ETH, with unrealized losses exceeding $4 billion.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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