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COINOTAG reported on September 25 via @EmberCN that Bitmine acquired 264,000 ETH last week, representing roughly $1.2 billion, and raising its disclosed holdings to 2.416 million Ethereum tokens.
Based on Bitmine’s weekly disclosures and average market pricing, the miner’s disclosed average cost is estimated at approximately $4,016 per ETH. The current spot market price of Ethereum, cited at $4,010, therefore sits marginally below that reported average, implying a narrow gap between carrying cost and market value.
In pre-market trading, Bitmine’s stock fell by 2.35%. The figures above reflect disclosed transactions and market quotes as reported and do not speculate on future price movements or corporate strategy.
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