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Details: ht
The price of Ethereum has now fallen below the Bitmine holdings cost.
On September 25th, according to @EmberCN, Bitmine purchased 264,000 ETH ( worth 1.2 billion USD ) last week, bringing their total ETH holdings to 2.416 million. Based on the amount they disclosed weekly combined with the average ETH price for that week, their average cost is approximately $4,016. Currently, the spot market price of Ethereum ($4,010) has fallen below Bitmine's holding cost. Bitmine's stock price dropped 2.35% in pre-market.