Bitmine Leads Ethereum Institutional Holdings With $11.32B in 3.4M ETH; SharpLink Second With 860K ETH
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
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COINOTAG News reports, citing strategicethreserve data, that Bitmine (BMNR) remains at the top of Ethereum institutional holdings, holding roughly 3.4 million ETH. The position translates to about $11.32 billion in value, reflecting a ~20% expansion over the last 30 days. The stockpile carries an average cost basis of $4,037 per ETH, with an unrealized loss of about $2.4 billion.
Following Bitmine is SharpLink (SBET), with 860k ETH (~$2.86 billion), up ~2.5% in the past 30 days. Its average cost sits at $3,609 and the unrealized loss is about $170 million.
The latest mNAV readings stand at 0.99 for Bitmine and 0.87 for SharpLink. Bitmine’s current market value is about $11.236 billion, SharpLink’s about $2.297 billion, both below their reported ETH holdings value.