Ethereum near $2,700: BitMine's unrealized loss narrows to $2.71 billion
- —BitMine holds 5,956,378 ETH, with an average purchase price of about $3,340
- —The unrealized loss narrowed to ~$2.71 billion from a peak of $10 billion
- —5,067,309 ETH (85% of holdings) is staked, valued at ~$12.7 billion
- —Annual staking yield is estimated at ~$334 million
Why it matters: It shows how Ethereum's recovery reduces pressure on the largest corporate ETH treasuries and supports their staking strategy.
Source: TokenPost