Bitmine continues to accumulate ETH, with unrealized losses exceeding $4 billion

Jinse Finance reported, according to Ember monitoring, that ETH treasury company Bitmine continues to accumulate and lower its average cost: 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 an exchange, BitGo, and FalconX. Currently, the company holds 3.56 million ETH at an average price of $4,009, now with an unrealized loss of $4.16 billion, while its total stock market value is only $7.4 billion.