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Bitmine and SharpLink have a total unrealized losses on their Ethereum holdings exceeding 1.9 billion USD.
On November 4th, according to on-chain analyst Yu Jin's monitoring, as ETH fell below $3,500, the two major ETH treasury companies have now suffered significant unrealized losses: · Bitmine: holds 3,395,422 ETH ( worth $1.88 billion ), with an average cost of $4,037, resulting in unrealized losses of $1.82 billion; · SharpLink: holds 860,299 ETH ( worth $301 million ), with an average cost of $3,609, resulting in unrealized losses of $9.377 million.