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Analyst: BitMine's ETH Holdings cost price is approximately $4020, this increase slightly pumps the average price down.

On November 10, on-chain data analyst Yu Jin posted on social media that Bitmine purchased 110,000 ETH ( for approximately 385 million USD ) last week, bringing its total ETH holdings to 3.505 million (, which is approximately 1.242 billion USD ). However, its overall ETH cost is as high as 4,020 USD, currently resulting in significant unrealized losses of 1.66 billion USD, and this increase in holdings is aimed at lowering the average cost.

ETH-0.24%
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