BitMine’s Ether (ETH) Holdings Show a $9.7 Billion Paper Loss

Using an approximate ETH price of $1,753, BitMine’s 6,070,092 Ether (ETH) holdings as of Nov. 8 carried an estimated paper loss of about $9.7 billion.

At that price, the holdings were worth about $10.64 billion, compared with an estimated total cost of $20.35 billion. The gap represents about 47.7% of estimated cost, based on an average cost of $3,352.58 per ETH.

The Nov. 8 balance was 9,586 ETH above the 6,060,506 ETH figure in the Nov. 1 holdings update.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to [email protected].