Bitmine Buys 264,000 ETH, Now Holds 2.416M ETH — Ethereum Spot Price ($4,010) Falls Below $4,016 Average Cost

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.