Bitmine’s 2.83M ETH Position Suffers $1.93B Unrealized Loss After Morning Dip

Onchain Lens reported on social media that Bitmine sustained a significant unrealized loss following this morning’s market dip, with its ETH position down roughly $1.93 billion. On-chain data show Bitmine holds 2,830,151 ETH, acquired for a total acquisition cost of $12.83 billion and an average price of $4,535 per ETH. The current mark-to-market valuation of that lot is approximately $10.9 billion, indicating a material deviation from cost basis. This factual, data-driven update underscores Bitmine’s exposure to Ethereum price movement and provides investors with a clear snapshot of the miner’s market-sensitive position without speculative inference.