BitMine Expands Ethereum Holdings with $44.3 Million Purchase Amid Unrealized Losses 📊
Corporate treasury firm BitMine has acquired an additional 14,618 Ethereum ($ETH) valued at approximately $44.3 million, according to Arkham Intelligence data. The purchase was executed at an average price of $3,030 per $ETH.
This latest acquisition increases BitMine's total Ethereum
$ETH holdings to 3.62 million ETH, representing approximately 3% of the total supply. Despite being the largest corporate holder of Ethereum ($ETH), the company currently faces approximately $3.6 billion in unrealized losses o