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Estimated $8.83 billion BitMine loss on Ethereum holdings questioned
MARKETSBitMinecoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
An image shared by @ThinkingUSD estimates BitMine's Ethereum loss at $8.83 billion by pairing its November holdings with an August average cost. The piece questions whether Ethereum is the "worst asset of all time", but BitMine's November release gives no updated cost basis, so the figure is unverified.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Check BitMine's next official disclosure for an updated Ethereum holdings figure and cost basis.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
CryptoSlate
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