Ethereum: Bitmine Adds 27,256 ETH — Now Holds 2.857M ETH, $2.08B Unrealized Loss at $3,800 Price

COINOTAG News reported on October 11, citing strategicethreserve data, that institutional investor Bitmine added 27,256 ETH to its position, bringing total ETH holdings to 2,857,407 tokens. The accumulation reflects an aggregate acquisition cost of $12.934 billion and an implied average purchase price of about $4,526 per ETH.

At a current Ethereum spot price of $3,800, Bitmine’s stake is marked-to-market at approximately $10.858 billion, indicating an unrealized loss near $2.076 billion versus cost. These metrics summarize the firm’s portfolio valuation and present a quantifiable view of its market exposure under prevailing prices.