[Bitmine and SharpLink's Ethereum Holdings Unrealized Loss Expands to $2.57 Billion]
According to strategicethreserve data, Bitmine (BMNR) and SharpLink (SBET) have a combined unrealized loss of approximately $2.57 billion on their Ethereum holdings. Bitmine holds about 3.4 million ETH, valued at approximately $11.32 billion, with a 20% increase in holdings over the past 30 days. The average cost per ETH is $4,037, resulting in an unrealized loss of about $2.4 billion. SharpLink holds 860,000 ETH, valued at approximately $2.86 billion, with a 2.5% increase in holdings over the past 30 days. The average cost per ETH is $3,609, resulting in an unrealized loss of about $170 million. Additionally, the mNAV of the two companies is 0.99 and 0.87, respectively, both lower than the value of their Ethereum holdings. Bitmine's market capitalization is $11.236 billion, while SharpLink's market capitalization is $2.297 billion.