As the crypto market continues to decline, corporate Ethereum reserve companies are facing increasing pressure. The world's largest ETH holding institution, Bitmine, has a paper loss of approximately $8.8 billion. ETH's current price is well below its average acquisition cost of $3,843, with a 60% drop over the past six months. The second-largest Ethereum reserve company, SharpLink Gaming, currently has a paper loss of about $1.4 billion, with an average acquisition cost of $3,609. The third-largest holding institution, The Ether Machine, owns 496,712 ETH, with a paper loss close to $948 million, and an average cost of approximately $3,788. (Cointelegraph)

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