Analysis: BitMine's Ethereum Staking Position is currently at a unrealized loss of $2.98 billion, with a return rate of -21%.


November 18th, according to on-chain data analyst Yu Jin, BitMine increased its ETH holdings by 54,000 ETH (approximately $180 million) last week. Its total ETH holdings have now reached 3.56 million ETH (approximately $11.27 billion), approaching 3% of the total ETH supply. Currently, its average ETH holding cost is $4,009, with an unrealized loss of $2.98 billion (-21%).