BitMine is holding 4,285,125 ETH, with an asset value reaching $8.42 billion. However, as the ETH price drops below $2,100, the organization is now facing an unrealized loss of over $7 billion.
According to the latest data, the current price of ETH has fallen to 1.98K (1,980 USD), continuing to decline from the $2,100 level. This downward trend is continuously pressuring the value of BitMine's holdings.
Meanwhile, the circulating market cap of ETH is $238.76B (23.876 billion USD), indicating the overall market size. The large asset holdings by institutional investors facing such price fluctuat
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